LendSpark finances $16.2M construction loan for a single-family residential project
LendSpark provides direct debt financing to lower-middle market companies throughout the US. Working collaboratively with our customers, LendSpark offers flexible and fast-growth capital to companies that want to minimize their equity dilution. Our terms are structured for the needs of the clients and we can fund in less than a week.
· Loan Amounts Up to $5 Million
· Terms up to 24 months
· Funding in as little as 5 business days
· Collateral is typically equipment, receivables and/or real estate
Bridge financing and working capital loans serve distinct financial purposes for businesses. Bridge financing is a short-term solution used to cover immediate financial needs during transitional periods, such as during acquisitions, real estate purchases, or when awaiting long-term funding. It is typically secured by collateral, such as the asset being purchased, and carries higher interest rates due to the urgency and risk involved. In contrast, working capital loans are designed to finance the daily operational needs of a business, like payroll, rent, and inventory purchases. These loans can be short-term or medium-term and may be secured or unsecured, with interest rates generally lower than those of bridge loans. While bridge financing addresses temporary gaps during significant financial transactions, working capital loans ensure smooth ongoing operations and liquidity management.
Bridge financing is a short-term loan used to cover immediate financial needs while securing more permanent financing. It is often employed by companies to ensure smooth operations during transitional periods, such as during mergers, acquisitions, or when awaiting long-term funding. This type of financing typically comes with higher interest rates due to its temporary nature and the urgency of the need it addresses. By providing quick access to capital, bridge financing helps businesses maintain liquidity and stability during critical phases of growth or change.
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