Delayed in funding by traditional lenders, an established business owner contacted THE IL BRIDGE FUND. This client wanted to expand a successful existing business, an audio production company in Northern Ohio.
(1888PressRelease) June 15, 2010 - After studying the business proposal and reviewing creative ways to finance the production company's expansion, THE IL BRIDGE FUND determined that Real Estate holdings could be used to secure the loan.
The client had substantial equity in her Investment Property, having paid approximately $575,000.00 with little or no balance owed. THE IL BRIDGE FUND was able to offer a bridge loan of less than $100,000.00 to help this client realize the new business objectives. Creative financing options, hard work and good client communication and education added up to a win-win for this client and THE IL BRIDGE FUND. This bridge loan will also provide the opportunity to transition to more permanent funding from a bank or other lending institution to fund future business needs.
THE IL BRIDGE FUND, an Ohio Limited Liability Company, is the funding source for Mid-market Emerging and Existing Companies and Real Estate Investors that have valuable marketable assets that can be used to secure an initial bridge loan (short-term). This approach to funding provides the time needed for companies to secure more permanent funding from an institution, or investment organization. THE IL BRIDGE FUND has funded millions of dollars in transactions to date.
For information concerning The IL Bridge Fund Loan Programs