The IL Bridge Fund Recommends Bridge Loans as an Option for Today's Business Lending Logjam

Top Quote A "Bridge Loan" can fill the gap for new and emerging businesses and real estate investors to help with funding needs that are having difficulty navigating the current traditional lending criteria. The IL Bridge Fund provides free financial mentoring to clients to assist in determining their suitability for the "Bridge Loan" program. End Quote
  • (1888PressRelease) June 16, 2010 - What is a "Bridge Loan?" Companies and Real Estate Investors needing an infusion of cash quickly should look at "Bridge Loans" for a funding option.

    A 'Bridge Loan" from The IL Bridge Fund 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.

    "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 has funded millions of dollars in 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, 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.

    This approach to funding provides the time needed for companies to secure more permanent funding from an institution, or investment organization.

    For information concerning The IL Bridge Fund Call: 513-429-4400

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