Entrepreneur Goes From Employee To Business Owner Helped by The IL Bridge Fund llc, Cincinnati, Ohio

Angelo Sferrazza, President of The IL Bridge Fund llc, located in Cincinnati, Ohio helped an employee of a local business who was being laid off to buy an established successful Sports Bar and Restaurant by providing funding and financial mentoring. Now this man is opening a second location. End Quote

(1888PressRelease) December 29, 2010 - Angelo Sferrazza, President, The Bridge Fund llc of Cincinnati, Ohio, announces that new funding has been provided to a local businessman to open his second Sports Bar and Restaurant in Southwest Ohio. Mr. Sferrazza had previously provided One Hundred and Fifty Thousand Dollars in initial funding in participation with a third party lender to help this local businessman purchase and reinvigorate an existing business in 2009.

"This is a great example of how bridge funding can help an individual with the dream of owning his own small business", says Mr. Sferrazza. "This now successful businessman was a former employee of the existing business who was on the verge of getting laid-off his job. He had a great idea of how he could reinvent the existing business before the business was forced to shut down, but traditional funding wasn't available." A client in Cincinnati referred this individual to Angelo Sferrazza of The IL Bridge Fund llc to develop a Business Plan for Success. "After meeting with this budding business owner, and revising the plan, I felt there was a real chance for him to succeed."

Within the space of a few years of being mentored by Mr. Sferrazza and the professionals at The IL Bridge Fund llc this local Ohio businessman has created a unique community venue with his concept of offering patrons a sports atmosphere with restaurant capabilities and entertainment provided by music professionals during the weekend and at other selected times. Plus, both locations will create new jobs that in turn impact the economic development of the local communities. "This is why the 'Bridge Lending Programs" were developed," says Angelo, "to supply 'short-term' financing for those businesses who need more timely funding such as this businessman needed to open his first and second entertainment venues".

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

###

Visit Il Bridge Fund Llc Website

space