• MERCAPCO
    Financial Services
  • MERCAPCO
    Financial Services
  • MERCAPCO
    Financial Services

Bridge Loans

Although short-term bridge commercial loans are sometimes used to finance the same type of operating costs as a working capital line of credit, they differ from lines of credit in that a commercial loan is usually taken out for a specific expenditure ( e.g., to acquire a business, to purchase a specific piece of equipment or pay a particular debt), and a fixed amount of money is borrowed for a set time with interest or fee paid on the lump sum. For nearly all startup businesses, and most existing businesses, a short-term bridge commercial loan from a bank will have to be secured by adequate collateral. Cash flow and a regular sales history are of key importance to the lender. A fixed interest rate may be available because the duration of the loan, and therefore the risk of rising rates, is limited. While bridge loans have terms as brief as 90-120 days, the loans may extend six months to one year for certain purposes. These loans may be secured by accounts receivable or inventory, as well as fixed assets.

Bridge Financing is offered by these branches: Illinois

Contact Us
  • Address:
    1074 W Taylor Street
    Chicago, Illinois 60607
  • Phone:
    (312) 774-2100
  • Fax:
    (312) 564-4858
  • Email:
    illinois@mercapco.com





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