
What is a Small Business Bridge Loan?
A small business bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 5 years pending the arrangement of larger or longer – term financing.
Bridge loans are often used for small business financing and can be individually tailored to a business owner’s unique needs. Loan structure types include, but are not limited too:
- Business Term Loan
- Business Line of Credit
- Commercial Mortgage Financing
- Merchant Cash Advance
- Equipment Leasing and Financing
- Franchise Financing
- Purchase Order Financing
As the name suggests, these loans “bridge the gap” when financing is most needed.
For example, let's say that a company is doing a round of equity financing that is expecting to close in 12 months. A bridge loan could be used to secure working capital until the round of funding goes through.
Veterans Banker Bridge Loan underwriters typically focus on the health of a business during the application and approval process. Not credit score obsessed, they take a macro approach to funding small business loans for veterans and first responders.
Learn More: See types of loans we offer