Have You Considered Bridge Financing?
As an independent broker, we are not bound by a particular product or lending institution like a bank.
Starting a small business is risky. Even the best idea or product doesn’t necessarily translate into success. Too many variables are involved. It is estimated that nearly 10% of small businesses are forced to close each year, and most small business owners cite “lack of capital” as their chief obstacle. In order to meet the demand of necessary expenses that determine success, many small businesses seek a quick and easy short-term financing solution. That often means a bridge loan for help during tough times.
What is a Bridge Loan?
A bridge loan is a specific type of funding, often with optional terms, that many small businesses use to meet the needs of a pressing cash-flow issue. They can be easier to secure than traditional long-term loans, however the costs can be higher and the risks greater.
Bridging The Gap
Bridge loans are not a long-term solution for companies or individuals. As the name implies, a bridge loan serves as a means to get from A to B, bridging the gap between an immediate need and a more sustainable long-term solution. Oftentimes, a business will hope to pay off the bridge loan with profits earned in the future due to increasing revenue. Unlike a traditional loan, a bridge loan often has a short repayment period. Although the terms can vary, a typical bridge loan (depending on the amount) is anywhere from a few months to a few years. What this means is that repayment terms are often expected quickly and regularly, regardless of a business’s circumstances, good or bad.
Discuss Your Bridge Financing Options with Cab Capital
Since we are not a bank or a typical lending institution bound by red tape and limited cash options, we can be more flexible with our Bridge Loan Terms. In fact, we can customize a bridge financing solution based on your individual needs and capabilities. Our goal is to help you achieve success, not make acquiring sufficient cash yet another obstacle. After all, your success is good for us, not just your company. We want you to succeed!
- Get from point A to point B
- Highly Customized
- Short Repayment Period
- Flexible Collateral Requirements