Inside Money Today

Lendinero's blog on Growing Your Business

 

Inquire More Info About Business Bridge Loans

 

What are Business Bridge Loans?

 

What is a business bridge loan?

Business bridge loans are a short-term loan that bridges the gap between short-term and longer-term financing. In brief, businesses use bridge loans to cover immediate capital needs.  For example, a business may need $100,000 to cover payroll and cannot wait one to two months for long-term financing. In realty, the business needs a short-term business bridge loan. In summary, a business bridge loan provides capital immediately, while a long-term solution is provided. Apply today. 
 
business bridge loan
 
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What are the benefits of business bridge loans?

In the first place, businesses can generally more easily qualify for a business bridge loans as opposes to long-term financing options. Moreover, less documentation is required. In detail, this is what you need to qualify:
1. Last four months of business bank statements 
2. A 550 credit score or higher 
3. Generate $20,000 of monthly revenues, preferably 
Without a doubt, the qualification process is easy to obtain a business bridge loan. In the meantime, Lendinero will worth with you to obtain a long-term loan.  As a result, it is understood that this short-term financing will serve to fill a short-term gap while long-term financing solutions are explored. The whole idea behind a bridge loan is that it is easy and quick to obtain, unlike a traditional long-term commercial loan.
 
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