The IL Bridge Fund llc 'Bridge Loan Programs' Provide Options for Small Businesses Needing Funding for Expansion or Short Term Financing

For new and emerging businesses and real estate investors needing help with funding needs but who are having difficulty satisfying traditional lending criteria, The IL Bridge Fund llc of Cincinnati, Ohio recommends considering "Bridge Loans" to fill the funding gap until more permanent funding can be accessed. End Quote

(1888PressRelease) December 29, 2010 - 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.

According to Angelo Sferrazza, 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."

So what is a "Bridge Loan?" How does it 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.

"Bridge Funding" can be offered to all types of business and real estate opportunities, from businesses, to franchises to property redevelopment. Recently by using "Bridge Funding" criteria The IL Bridge Fund llc has funded transactions including recent ones for companies such as: A Gold Star Chili Franchise & Building Purchase, a Sports Bar and Life Style Expansion, an Investor buying & rehabbing housing for church members, a Transportation Company, an Auto Dealership, TV Production Company, Power-sports Industry Distributor & Manufacturer, Bakery, Restaurants, Service Companies, Retail Stores, as well as providing "Bridge Funding" to Real Estate Investors for property development, acquisition and rehabilitation.

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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