Bridge Lending

searcher profile

July 02, 2023

by a searcher from Rice University - Jesse H. Jones Graduate School of Business in Houston, TX, USA

Looking for a bridge lender. Took SBA 7(a) to get franchise open, but they positioned our working capital to come from TA, which doesn't come until next month ($70k). We have done a soft opening and are producing $1k - $2k a day. After grand opening next week, we should be producing $3 - $4k a day before scaling. We are looking for flexibility until we get our TA and was wondering what options we may have (have asked lender to give us a bridge but haven't been able to get much back, but can't continue to wait). Thanks!

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commentor profile
Reply by a lender
from Bloomsburg University of Pennsylvania in Ambler, PA 19002, USA
Is there potentially another opened location at this stage.. or another business that could be cross-collateralized? Short of that the cost of capital from a bridge lender may be astronomical
commentor profile
Reply by an investor
from Western Washington University in Key West, FL 33040, USA
Probably your best bet is raise equity.
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