SHORT TERM LOANS
Bridge Loans
Short-term loans for businesses awaiting long-term funding to be secured. Lending Source can arrange bridge loans for businesses awaiting their long-term funding to be approved. Your time is valuable. Lending Source will send your information to a well-established network of financial institutions, forcing them to compete for the best rate and terms available.
Bridge loans fund quickly and provide small-business owners with up to $50M in short-term financing.
- 1-36 month term
- 8-20% interest rate
- 3-30 days to fund
- Monthly, weekly, or daily payments
Several types of bridge loans are offered by traditional banks, community banks, and credit unions, with similar requirements.
- All industries eligible for funding
- Interest-only payments possible
- Collateral usually required
- Business appraisals may be required
Bridge Loans and other temporary financing facilities are attainable when you partner with Lending Source.
Is a Bridge Loan right for you?
Pros
- Short waits for approval and funding
- Real estate may be used as collateral
- Provide quick, short-term infusions of cash
- Loose credit requirements with high-value collateral
- Establishes relationships for future long-term financing
Cons
- Restrictions pertaining to loan usage
- Strict, short-term repayment schedules
- Lien searches on collateral may be required
- Increased fees over long-term bank financing
- Higher interest rates than with long-term funding
Startups, Acquisitions, Refinances, Credit Lines
We’ve got plenty of funding with affordable terms and fast approvals, no matter your business needs.
Apply online or call 567-331-2324 today!