Bridge loans give you immediate access to cash using equity in your commercial property and enable you to take control of your finances again. However, bridge loans come with a warning! Bridge loans are short term loans that should be used wisely. Once acquired you need to be sure that you can repay your bridge loans as agreed and that you can do so within your current budget! After all, you don’t want to have to take out another bridge loan to pay for your existing bridge loans! Secondly, if you are taking out bridge loans every six months or so (even if you are paying them off regularly) that should be a warning sign that you have a budgeting problem that needs to be addressed. And when you have a budgeting problem, you either need to increase your income or decrease your expenses. That said, bridge loans should be used wisely and only when necessary.

Bridge loans can help with paying annual or once-a-year payments that have come due for which you simply do not have the money for or the ability to pay. This could be a property insurance premium, annual property taxes, or annual life insurance premiums for your employees which could be an immediate need for some additional cash. Unfortunately, paying those business expenses is not optional… especially if you want and need these services! Things happen beyond one's control as it could be a sudden loss of a large anchor tenant or possibly and unexpected capital repair or necessary improvement that can leave you short of cash one month. This can happen at anytime with a business and a commercial property especially in a down economy. Additionally, a business opportunity, business or even property expansion may be warranted and the cash needed quickly. Either way, your solution could be to utilize bridge loans to access that needed cash.

Bridge loans may be just what you need to access capital if you are having trouble making ends meet. Bridge loans help you to “bridge the gap” between your business expenses and business income. Bridge loans are not long term solutions, but they are an excellent short term solution to your money problems. If for some reason your business income has been eclipsed by your expenses, you may need to borrow money to pay for those additional expenses until your business income is stabilized. Bridge loans can be the answer to your cash flow dilemma.