Bridge Financing Frequently Asked Questions
What is Bridge Financing?
Bridge Financing is a short-term financing solution which is usually taken out for a period of three to six months.
Who is Bridge Financing for?
Bridge financing is used for any company that is looking for a short-term financing solution that will be used until a company secures permanent financing or removes an existing obligation.
What are the benefits of Bridge Financing?
Prestige Capital can provide a short-term finance solution by funding the company’s accounts receivables until a company secures their permanent financing solution.
Describe the process of Bridge Financing?
Once a company provides Prestige Capital with our completed credit application and their accounts receivable aging summary we can usually fund that company within 7 days which will provide them with the short-term finance solution that they need.