Bridge Loans
As a small business owner, financial crisis can occur. You could be running out of cash faster than anticipated or going through a downtime in your business. Whatever the case may be, getting a business bridge loan can help you get through those harsh times until the money starts coming back in. A bridge loan can give you a cash flow immediately so that you can keep on moving with business. Here are a few reasons you could benefit from a business bridge loan.
Need To Repair Equipment
Perhaps your business runs on heavy equipment. You need the equipment to help you get the job done to get paid, but the equipment has had a repair issue come up. A bridge loan can help you have the cash you need in these emergency situations to make sure your company is up and running. Don’t let your money slip away from you with this unforeseen problem. Rest easy with your business bridge loan there to help you through this tough time.
Investment on the Way
You may have an investor interested in your business but they are not going to invest for another couple of months. When you need cash flow to come in now, a business bridge loan is the ticket. Our team is highly skilled and ready to help you get the loan you’re looking for while your investors are getting ready.
Day-to-Day Operations
Let’s face it. There are day-to-day operations that take cash to make them happen. From running your business with the electricity bill to buying parts for a job or service, you need cash flow. By having a business bridge loan at your side, you can rest assured you’re going to have the cash you need when you need it. No more worries about where the money will come from. You know it’s there and you use it when you need it.
Pay Salaries
Sometimes the cash flow is running out but you still need to pay your faithful employees. You want hard workers you can trust and the only way to do that is to keep them paid. When your cash flow is less than desirable, a bridge loan is there to help you get through another week. This can help you to pay employees, vendors or just keep the business moving along.
Repair Your Location
Sometimes your location needs a few repairs and having easy access to cash is the best way to handle those repairs. You can rest easy knowing if the plumbing goes out, equipment goes down, or something happens to the building, you’re covered.