Bridge Loans - Fast Funds for Urgent Financial Needs
At EZ advance, bridge loans are perfect for all incidental expenses when waiting for longterm financing.
What is a Bridge Loan?
Fixed Payments*
Payments are automatically withdrawn from the business bank account.
Bridge Loan Term Options
Loan terms start at 3 months and range up to 5 years.
Cost and Fees
An interest or fixed fee will be charged (other fees may apply)
A bridge loan is a type of funding that is provided to a business for a short time as it waits for a more extended type of funding. This is suitable for business organizations that require funding as a way of acquiring real assets such as land property or expanding their operations as a means of working capital, among others.
We comprehend that often, the procedure of getting a loan can be lengthy and attracting permanent funding can be rather time-consuming. It is for this reason that EZ advance collaborates with partners through which small businesses can easily access simple and transparent bridge loans to provide them with the capital they require at the right time and without delays.
Our bridge loans vary from a minimum of $5,001 to approximately a maximum of $1,000,000. More to it, the payment arrangements are very friendly whereby one is able to automatically link daily, weekly, or monthly payments*. Another splendid perk is that you can apply through the website. If approved, a portal similar to this one will be available to you anytime, and yes, you can always check your account.
Bridge Loans Enable One to Access Funds as the Business Seeks Long-Term Financing
You only need 3 important things to apply.
Valid Identification Form
Business bank account and routing
Business bank statements for the last three months.
Application Process
Come to our online gateway to complete the application form. Provide brief information about your business and target aims and objectives. We suggest preparing the paperwork for the process as fast as possible.
Our team will review your application for business financing with professionalism. If the council requires further information, one of our trusted business advisors will reach out.
Our team will send out the approved funds to your business bank account if approved.
Bridge Loan FAQs
A bridge loan relies on the fact that it offers businesses a quick, lump-sum infusion of cash while the said business tries to source permanent funding. It makes some businesses avail of a one-time amount of money during the period that they wait for the approval of a longterm loan.
As it is with a small business loan, businesses may find it advantageous to receive a cash sum which is paid off along with fixed payments and similar terms. The most significant dissimilarity is that a bridge loan remains a short-term loan as compared to a small business loan, which is considered a long-term loan.
Yes, EZ advance also offers a bridge loan calculator that enables the user to set the working capital they require, credit score, and monthly sales. The tool will estimate the business to qualify depending on the provided inputs. More details may be needed sometimes.
No. It is very much similar to taking a small business loan the only difference being that it is known as a bridge loan. There is always a tendency for most business financing companies to have some standards that need to be fulfilled in order to qualify, for instance, having a business bank account, the time the business has been in business, the business revenue, and the identification form when applying for a bridge loan financing.
A bridge loan is a very powerful kind of credit where businesses can get sufficient capital within a short period with the more permanent loan still being processed. It also provides quick access to funds, easy payment structures, and complex terms of 3 months to 60 months. *
But, bridge loans are short-term in nature implying that they are temporary in their availability to the borrower. This might not be the best option for a business that is seeking a long-term loan that will be, for instance, for two or more years. Read more about EZ advance’s small business long-term loans.
Applicants with low or even bad credit history do not necessarily have to fret as they can apply for a commercial bridge loan. Any small business funder properly assesses the credit contained in applicants’ proposals, though this criterion is not exclusive. Nevertheless, business funders also consider other aspects in determining the possibility of approving an application, such as the business income, business existence, accounts receivables, and business credit.
There are a few things that need to be considered before applying it. The first one should be the purpose of the loan to your business and why you need the money. You should also be aware of the working capital that you will require for your business. The other thing is the matter of the repayment plan of that loan which you can afford. This will assist you to distinguish whether you would require a long-term loan or a short-term one.
Some of these include what your business credit score status is currently, how urgently your business requires the funds, and if your business has been in operation for over 2 years or if you have over one year of business bank statements, among others. Those are some of the questions, which will be posed to you when applying.
Bridge Loans with EZ advance
EZ advance is committed to achieving the long-term success of each and every customer. It is exactly that; we are here to allow small businesses to have Bridge Loans whenever they need them. Ensure that you offer your business centers that will enable it to be stable in the future.
- Trusted by thousands of businesses around the United States.
- It is a simple application process that allows your business to apply from almost any location.
- A team of skilled business advisors whose core task is to furnish your business with proper and speedy funding details.
- Easier access to additional funding needs.