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Angelo Sferrazza, Cincinnati, Ohio, Offers Short Term Capital for Small Businesses Lagging Behind Economic Business Prosperity Reported by Recent News Sources

Top Quote Consumer Confidence has risen but Small Businesses optimism is lower than consumer optimism because of lack of funding from traditional lenders, government regulations and crash of real estate value. "Consider "Bridge Loans" as a funding alternative," says Angelo Sferrazza, President, The IL Bridge Fund of Cincinnati, Ohio. End Quote
  • (1888PressRelease) February 10, 2011 - Companies and Real Estate Investors needing an infusion of temporary cash to stabilize cash flows, expand operations or hire new personnel should look at "Bridge Loans" for a funding option in today's economic environment.

    "Although Consumer Confidence has risen," says Angelo Sferrazza, President, The IL Bridge Fund, Cincinnati, Ohio, "small businesses are not as confident and that problem needs to be addressed in order to turn the economy around." According to Scott Shane in 'Small Business Trends' several need to be addressed. Issues that The IL Bridge Fund agrees are key to recovery--the most important being availability of funding for small businesses who have been affected by the fall in housing prices which has eliminated approximately $25 billion in potential credit for small business owners who tend to rely on personally guaranteed money (real estate ownership) for loans.

    "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." 'Bridge Funding' can be offered to all types of business and real estate opportunities, from businesses, to franchises to property redevelopment. The Financial Professions at The IL Bridge Fund can help entrepreneurs determine if a 'Bridge Lending Program' is the best option for their situation. They can also help them locate the funding needed to go along with the positive economic outlook as evidenced by the recent Consumer Index Report.

    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 (collateral which can include items besides real estate, such as any sort of collateral that has marketable value)
    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.

    The IL Bridge Fund llc was created by Angelo Sferrazza in 2009. The IL Bridge Fund llc, an Ohio Limited Liability Company located in Cincinnati, Ohio, 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.

    http://www.ilbridgefund.com

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