Bridge Loan

Search for small business loan lenders

If your business deals mainly in the real-estate industry and has cash moving in and out of accounts on a daily basis, a bridge loan is a perfect solution. A bridge loan is there to "bridge" a gap in a cash flow statement or gap in a project that needs to be filled. In order to fill the gap, it costs money, money you don't have or are not willing to spend. A bridge loan will come in and make sure that project is completed within budget and on time.

Bridge loan is a short term solution for plugging gaps in projects mainly in the real-estate industry

Bridge loans are not designed to be held onto for long periods of time. Before being approved for a bridge loan, the lender will determine a return they would like to see on the loan. if you decide to pay the loan off early, the lender has the right to charge you penalties.

Banks are not typically the lending institution that will approve a borrower for a bridge loan. Private money lenders and brokers are the best solution for a bridge loan. Before you go an apply for a short term business loan like a bridge loan, make sure you have asked the lender what their underwriting guidelines are. If the lender says they require a good business credit score, then make sure you check your business credit score first. This way you can fix anything negative on the report before the lenders reviews it.

Ask the lender what their under-witting criteria is before applying for a business loan

SmallBusinessLoans.com has made finding bridge loan lending sources easy and efficient. Use our lender search tool and we will find as many lenders as we can that match your criteria. It's easy and it's free.