Fast Bridge Loan Strategy for Paydowns - Business Credit 2020

How can a fast bridge loan help with business credit card funding? In this video we show you how the bridge loan strategy for paydowns works and how it benefits you.

A bridge loan is an amount of money lent by a bank or lender for a short-term until an individual or business secures permanent financing. It’s also known as interim financing, gap financing, or swing loans.

In a nutshell it bridges the gap during times when financing is needed but not yet available. Both corporations and individuals use bridge loans. You may hear of bridge loans because they are used heavily in real estate.

For our Business Credit Card Funding program go to https://businesscreditbuilders.org/business-lines-of-credit/

For our Step-by-Step Business Credit Building system go to https://businesscreditbuilders.org/

Lenders can customize these loans for many different situations such as credit card paydowns. For example, when a pre-qualification review is conducted there may be a funding projection given but with credit issues requiring to be resolved prior to funding.

Many times, in business credit card funding we come across individuals with too much credit card debt which results in a high credit utilization ratio. In order to address the issue most likely they are required to make paydowns.

If they have the cash, then we recommend making the paydowns. The problem is what if you don’t have the cash? What if you don’t have enough cash for the paydown? What if you want to conserve your cash?

The solution is the bridge loan strategy which leverages the use of other people’s money to pay down credit card debt so you can acquire the funding needed under the business credit card funding program.

The benefits of using a bridge loan is you can make the paydowns required so you can get funding needed even if you don’t have the cash, don’t have enough cash, or don’t want to use your cash.

Keep in mind this fast bridge loan strategy to acquire business credit cards has to make sense. Doing this strategy should ultimately generate a good return on investment (ROI).

Not too mention it enables you to leverage the revolving credit obtained for future deals and working capital. Remember, the types of revolving lines of business credit you obtain under our program protect your personal credit but will also build your company’s business credit as well.

Our business credit card funding is a no document program so it requires no income documentation. You won’t be required to furnish financials, bank statements, tax returns, etc.

Prior to going through our business credit card funding process, you will need a separate legal entity, the company must be in good standing, an employer identification number, business contact information and business bank account.

For details on business credit card funding and to get started with the pre-qualification process go to the following sites.

https://youtu.be/ka2jfx4oxYo
https://businesscreditblogger.com/2019/09/03/business-credit-card-funding/
https://businesscreditbuilders.org/business-lines-of-credit/
http://triadcreditreport.com