Business Bridge Loans

What is a bridge loan?

A bridge loan is a short-term loan designed to cover payments for a specific purchase or existing obligation. It helps the borrower bridge the gap when financing is needed but not yet available. Bridge loans help secure access to financing by providing immediate cash so business owners can make crucial purchases for their businesses.

Bridge loans are commonly seen in real estate development, yet business owners from all industries may have reason to secure a bridge loan at some point. A business owner can use a bridge loan to purchase or lease larger office space, buy more product, or acquire competing businesses.

The need for a bridge loan typically accompanies the need for a fast turnaround. SmallBusinessLoans’ lender partners work quickly to secure the funding business owners need so they don’t lose out on opportunities to expand their business.

How does a bridge loan work?

Bridge loans work just like any other loan you may apply for. The only difference is how the loan is used and how quickly you need the capital. With a bridge loan, borrowers can expect a quick application process and often receive funding within a few days if they work with one of our trusted partners. Waiting around for that critical capital for your business can cost you – which is why business owners turn to a bridge loan to close any gaps in their operations.

What are the benefits of a bridge loan?

Access to capital shouldn’t slow down your business, but when it does, a bridge loan can help you cover the costs. There are many benefits to using a bridge loan for your business.

Quick from start to finish

• Most bridge loans are funded fast, our partners can deposit funds in as little as 24 hours¹ upon approval.
• This allows you to act promptly to make decisions that will drive your business forward.

Flexibility that works for you

• Your customized loan can offer a variety of payment options. Repayments can often be made on a daily, weekly, or monthly basis.
• Get the flexibility that works best for your business’s needs.

Higher approval rates

• Our trusted partners often have less rigid qualifications than traditional banks.
• With more flexible requirements, you’re more likely to get your application approved.

Invest in your future

• Capitalize on investment or growth opportunities with the funding you need to take your business to the next level.
• Expansion helps you take on more business and grow your profits.

Who should get a bridge loan?

A bridge loan is best suited for businesses with short-term financing needs, whether to pay for a specific project or acquire new business to increase profits.

Business owners may decide a bridge loan is best for their needs if:

• They want to expand their business.
• They need larger warehouse space to house more products, acquire a competing business to increase profits or purchase more land.
• They have disruptions in cash flow and need to cover expenses.
• They have increased demand during the off-season, needing to scale up production, or rising rates.

What can a bridge loan be used for?

Gaps in funding are often a challenge many business owners have experienced. Using a bridge loan to cover those gaps in financing can be applied to many circumstances, but common ones include:

• Cover unexpected expenses
• Capitalize on a growth opportunity
• Business investments or expansion
• Short-term projects
• Bridge cash flow disruptions

What industries do bridge loans support?

Our trusted lending partners have expertise in supporting many industries succeed.

Construction loans and financing
Buy equipment or hire workers.

Commercial trucking loans and financing
Expand your fleet or handle maintenance costs.

Agricultural loans and financing
Purchase more land or upgrade equipment.

Medical practice loans and financing
Lease bigger office space or upgrade software systems.

Landscaping loans and financing
Maintain capital during slow seasons or hire employees.

How do I qualify for a bridge loan?

It’s much easier to qualify for a short-term business loan through an alternative lender. There’s no long list of requirements or hoops to jump through. Some possible eligibility requirements may include:

• At least six months in business
• Minimum $250,000 in annual gross sales
• Fair to excellent credit

Our partners keep the paperwork to a minimum. Required materials are often limited to a credit check and bank statements so you can get approved for funding faster.

How do I apply?

The application process for a bridge loan through one of our partners is simple. With three easy steps, you’ll be on your way to securing fast, reliable funding for your business.

1. Fill out a quick form
   No lengthy processes or tons of prep work
2. Get matched
   No getting bombarded by different lenders
3. Get your funds fast
   No waiting around for weeks and weeks.

After you submit your application, the lender quickly reviews your documents and gets a response back to you shortly. Then, you’ll review the loan terms and if you accept the offer, the funds will be deposited to you in as little as 24 hours¹.

SmallBusinessLoans believes access to funding shouldn’t get in the way of achieving your goals. When time is of the essence, get the capital you need quickly and efficiently so you can get back to what really matters – running your business.