The IL Bridge Fund llc Business Lending Program Leads to Individual Job Creation for 320 People says New Survey

"Alternative funding, such as Bridge Fund from The IL Bridge Fund llc can step in when traditional lending criteria creates a roadblock, and loan timing is critical," says Angelo Sferrazza, President of The IL Bridge Fund llc located in Cincinnati, Ohio. In 2011 he suggests looking for other funding alternatives in the marketplace that do not depend upon traditional lending to start a new busines End Quote

(1888PressRelease) December 29, 2010 - Institutional credit in 2010 was still behind the curve in lending money to emerging businesses, regardless of the market demand for products and services," says Angelo Sferrazza, President of The IL Bridge Fund llc. Recent regulations for business lending criteria have made it difficult for small business to acquire funds for business creation. He expects 2011 to be more of the same. This is why The IL Bridge Fund Lending Programs" were developed to supply 'short-term' financing for those businesses who need more timely funding.

"Traditional lending regulations and lack of timely response to small business needs is putting the brakes of small business development and job creation. We need to start thinking creatively about funding so we can really get this economic recovery back on track," explains Mr. Sferrazza.

According to Governor John Kasich, job creation will be a primary focus in 2011; but it won't happen without funding. Clients of The IL Bridge Fund llc agree. According to a recent survey of past and current clients who benefited from Bridge Funding from The IL Bridge Fund llc., 22 businesses were able to have a median impact on 320 individuals in Job Creation or family and community economical benefit. These individuals ranged from the employer and employees to the industries and suppliers. Clients questions addressed the need for timelier funding programs and flexibility on the criteria used in the decision making process. Almost all agreed that seeking funds in today's climate is both frustrating and difficult or non-existent.

"Today it's more important than ever to become advocates for accessible and timely Small Business funding," says Mr. Sferrazza. With the unemployment figures hovering near double digits many people are turning to creating small businesses for better control over their finances and futures. Angelo Sferrazza believes there is an immediate need for alternative lenders and traditional lenders to respond to that need. These results are directly in line with the 'Jobs Ohio' initiative that is proposed by newly elected Governor, John Kasich.

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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