We offer so many different products it’s important to focus on delivering education on what some of these items are.? A bridge loan is used to get you through a time period where you are anticipating funds from somewhere else, like a bank, and you need loan to get you through that period.
BRIDGE LOAN FOR YOUR SMALL BUSINESS
Let me give you an example:
Client A get’s approved for a mortgage for a new building they are buying.? The bank tells them it will take 60 days to close.? Client A needs money now for operating capital since they committed to a 20% down payment which wipes them out of operating cash.? Client A comes to Skytop Business Loans and applies for a small business loan based on their monthly cash flow.? They apply for a bridge loan.? They are approved through Skytop Business Loans and receive the short-term bridge loan funds in 48 hours.? Client A closes their deal with the bank and pays off the bridge loan with Skytop.
At Skytop we make sure that no matter what the situation we are here to help.? A bridge loan may be exactly what your business needs today.? All circumstances are different but in any case we see 90% approval on businesses that have been in business at least one year and are doing at least $100,000.00 in billing over the course of one year.
The bridge loan can be funded very fast so it could be a great option if you need funds quick and are anticipating other financing in the near future.
Disclaimer:? Skytop Business Loans will not approve any business looking to buy a bridge or other public structure.? So not all “Bridge Loans” will be approved.? If you have been sold a bridge or have signed an agreement to purchase a bridge we suggest you call your local authorities.? No really dude…call the police.