While financing a startup company has its share of hurdles, commercial bridge loans offer invaluable partnerships by providing critical funding. If you’re an entrepreneur wondering if such a decision is right for your venture, NV Capital Corporation can help your Las Vegas startup achieve its strategic goals.
These kinds of loans are good for the following.
Commercial Property Owners
Real Estate Investors
What Is A Commercial Bridge Loan?
These short-term convertible financing options allow investors and business owners to access capital during transitional periods. They “bridge the gap” between funding rounds or until permanent financing can be acquired.
Entrepreneurs use commercial bridge loans for a variety of purposes.
- These can be used for immediate real estate opportunities/projects.
- They cover working capital needs during business deals.
- They can fund “flip and fix” projects.
- They can buy time while resolving issues interfering with long-term financing.
Small businesses and start-ups can customize the collateral and terms to fit their needs.
Types Of Collateral Used
These financing options do typically require some form of collateral to secure them. This way, the lender has a personal guarantee that the loan will be repaid. Depending on the situation, you can use business or personal assets. A representative from our team can help you find the best choice.
Here are the types of collateral you can use:
- Owner-Occupied Home
- Savings Accounts
- Financial Accounts
- Business Inventory
- Ownership Titles
Flexible Benefits & Options
Also known as “interim financing,” “swing loans,” “hard money loans,” and “gap financing,” these options have many benefits, including the following:
- Fast Access To Cash
- Easier Approval
- Negotiable/Flexible Terms
- Removal Of Financial Contingencies
- No Private Mortgage Insurance (PMI)
This type of loan can be especially beneficial for startups because it provides access to the cash flow necessary for stability and growth. If you need cash to start a project or get something moving, these options can help get you to the next round of funds.
How To Get A Commercial Bridge Loan In Las Vegas
If you’re running a startup and need to generate quick capital, a commercial bridge loan may be right for you.
However, all loans aren’t created equal, so finding a lender who will work with you to customize loan terms that will meet your immediate needs while propelling you toward your business goals is important.
At NV Capital, we specialize in convenient residential and commercial bridge loans in Las Vegas. To learn more about securing crucial business startup funding with a hard money loan, speak with one of our loan specialists today.