Bridge Financing for Construction Services Business

searcher profile

February 15, 2023

by a searcher from The University of Michigan - Stephen M. Ross School of Business in Rapid City, SD, USA

I have a close friend who is facing short term liquidity challenges in his construction services business due to delays in a large project. Between work in progress and backlog, he'll otherwise have a strong year from a profitability and cash flow perspective.

Does anyone have recommendations for banks or private lenders able to quickly provide bridge financing, AR LOC's, etc? He's looking to close a loan/note within the next 2 months. Thanks for your help!

0
21
123
Replies
21
commentor profile
Reply by a professional
from Villanova University in West Chester, PA, USA
It depends on the specifics of the business, but a lot of the traditional lenders and big banks provide bridge financing, especially in the construction sector. If he needs assistance papering the transaction, I’d be happy to assist.
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I would be more than happy to take a look. We do a lot of A/R finance and working capital, and have plenty of bank, non-bank, and bridge lenders. You can reach me directly at redacted Thank you.
commentor profile
+19 more replies.
Join the discussion