If you’re waiting to finance a big project, but long-term funding hasn’t come through yet, a bridge loan can help you cover that gap between the application and distribution of a more traditional loan. It’s not always easy to wait on big banks to process your information, especially if opportunities are passing you by in the meantime. The rapid approval process of bridge financing can help you take advantage of property deals, repair equipment, or bring in inventory and materials. Based on your business’s credit history, you could qualify for quick financing based on the value of real estate, inventory, or equipment. Contact our team to find out which is the best fit for your business needs.
Bridge Loans
Hard Money Loans
The value of a business’s assets, such as heavy-duty equipment, real estate holdings, and high-dollar inventory, can take time to liquidate if the business needs immediate funds for upgrades, replacement, or even expansion. Instead of selling equipment that your business may rely on to generate cash, a hard money loan will let you borrow based on the value of the equipment. That equipment, real estate, or inventory then becomes collateral on the loan. Because hard money loans are collateralized, borrowers don’t need a stellar business credit history in order to secure hard money loans. That means loan approvals can be made much more quickly than with traditional loans that have to go through a lengthy credit approval process.
Equipment Secured
Equipment secured loans help you acquire updated equipment without having to sell the current assets. Vehicle fleets, printing presses, commercial ovens, and high-capacity network servers are all great examples of equipment that can be vital to a business’s growth and success. When you need to keep up with the most advanced technologies and the high expectations of the markets, consider an equipment secured loan, based on the value of the incoming equipment. A great alternative to credit card purchasing because of their comparatively low interest rates, equipment secured loans help you get what you need in a short amount of time. Then, pay back the loan through a regular repayment plan.
Equipment Secured
Equipment secured loans help you acquire updated equipment without having to sell the current assets. Vehicle fleets, printing presses, commercial ovens, and high-capacity network servers are all great examples of equipment that can be vital to a business’s growth and success. When you need to keep up with the most advanced technologies and the high expectations of the markets, consider an equipment secured loan, based on the value of the incoming equipment. A great alternative to credit card purchasing because of their comparatively low interest rates, equipment secured loans help you get what you need in a short amount of time. Then, pay back the loan through a regular repayment plan.
Real Estate Secured
The nature of some businesses allows them to operate without utilizing a lot of equipment. In that case, real estate can be a great source of financing. Even if you’re a small business operating out of your home that’s ready for the exciting transition to a brick and mortar storefront, you can get the money you need to set up shop. Real estate secured loans are based on the value of the new property. Once secured, that new property becomes the collateral on the loan. The real estate in question doesn’t have to be a new development, it may just be new to you. These types of loans also work for additions and renovations.
Inventory Secured
Inventory secured loans use the value of a business’s inventory to generate cash. This can be incoming inventory as well as existing inventory. These goods and materials then become collateral on that loan. The creditworthiness of the business, in this case, does not need to be evaluated because the lender can recoup their investment by taking possession of the inventory if the loan is not satisfied. Should your business need to bring in inventory quickly, inventory secured loans will allow that to happen in the near term. Whether you need to satisfy holiday demand, purchase raw materials to fill a big order, or prepare for an unexpected rush, this could be the loan for you.
Schedule a Consultation
With lenders ready to work with you and with loan amounts from $100,000 to $5 million +, there’s no reason not to start a conversation or to pre-apply to see for what loans you could qualify. We work with businesses in every industry and at every stage in the life of your business.
