'Bridge Loan Programs' Offer Much Needed Funding Alternatives for Small Businesses and Entrepreneurs needing quick funding, states Angelo Sferrazza, Cincinnati, OHio

Angelo Sferrazza, President, The IL Bridge Fund llc of Cincinnati, Ohio recommends small businesses and investors consider "Bridge Loans" to fill the funding gap until more permanent funding can be accessed. "Bridge Loans" require different criteria than traditional lending and can be more accessible to those invested in small businesses. End Quote

(1888PressRelease) February 17, 2011 - According to Angelo Sferrazza, Cincinnati, Ohio, President, The IL Bridge Fund llc, institutional credit is still behind the curve in lending money to emerging businesses, regardless of the market demand for products and services. "This is why the 'Bridge Lending Programs' were developed," says Mr. Sferrazza, "to supply 'short-term' financing for those businesses who need more timely funding, and access to financial educational mentoring when needed."

How does a "Bridge Loan" differ from traditional loans?

A 'Bridge Loan" from The IL Bridge Fund llc provides an alternative to traditional funding options because of the criteria used to evaluate the funding need. The focus can be on 'Good Deals' not credit scores or traditional lending criteria as a deciding factor. A "Bridge Loan" differs from traditional lending in three ways:

• Short-term capital to 'bridge' the gap to more permanent funding;
• Lender secured funding with asset-based collateral;
• Ability to convert to monthly funding to extend loan.

This approach to funding provides the time needed for companies to secure more permanent funding from an institution, or investment organization. Mr. Sferrazza suggests, "Companies and Real Estate Investors needing an infusion of cash quickly should look at "Bridge Loans" for a funding option in today's economic environment. The Financial Professionals at The IL Bridge Fund llc located in Cincinnati, Ohio can help individuals determine if a bridge loan is the best option for their situation.

The IL Bridge Fund was created by Angelo Sferrazza in 2009. 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 and overall goal of The Bridge Funding Program is to provide the time needed for companies to secure more permanent funding from traditional lenders (Banks), or investment organizations. This is based on allowing companies the time to validate their businesses. The IL Bridge Fund has funded millions of dollars in transactions to date.

http://www.ilbridgefund.com

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