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BRIDGE LOANS
Bridge loans allow for very fast funding, so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The bridge loan is best for businesses with high and consistent sales that are in need of quick capital to bridge you to an SBA or Traditional Business loan.
Pros:
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Fast Capital in as little as 24hrs
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Unsecured
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Easy approval process
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Little documentation needed
Cons:
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Amount offered may vary
Best for:
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Businesses that have high and consistent sales and bank deposits
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Businesses that need financing right away
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