“Where’s the money? Where’s the money for our small businesses?”, says Congresswoman Grace Meng to those present for our recent bagel donation to La Jornada Food Pantry in Flushing, New York.
Whether PPP funding, restaurant grants, IPO, equipment financing, or new government grants in the making, businesses are desperate to bridge their widening financial gap to stay profitable.
“44% of small business owners reported having less than three months of cash reserves, and only 31% reported confidence in gaining access to funding,” according to Goldman Sachs.
Needless to say, Grace Meng agrees that “it’s been a really tough year, not just for America, but especially here in Queens. Our constituents through COVID and through Hurricane Ida, have really seen the worst.”
With over five million businesses with loans under $150,000 not submitting their 2021 PPP loan forgiveness applications, a solution for this financial gap is long overdue.
Here are three kinds of fast bridge funding that can serve as a temporary, yet immediate financing option to cover short-term expenses until long-term financing is secured:
1. Debt bridge financing
The majority of the time, debt bridge funding is short-term and requires a strong financial plan to avoid further debt. We work with you to determine your current debt owed and then come to a conclusion for the most fair and appropriate factor rates.
2. Equity bridge financing
Incurring greater debt is never the most sought-after solution when it comes to financing. With equity bridge financing, you can offer equity to investors, rather than lenders.
3. IPO bridge financing
Now, while announcing your need for working capital may not seem like a worthy option, consider this: greater loyalty, higher involvement and new perspectives, and public exposure. Every business needs help occasionally, and IPO bridge financing allows owners to raise funds to reach new heights that may have been unattainable before.
Each of these options means money in your pocket within 24 hours of working with us. PPP funding can take up to 20-30 business days to receive and can cause you to encounter complicated processes and errors causing delays. Skip the wait time and take a step closer to your money by allowing our dedicated team at REIL Capital to bridge the gap for you. Apply for funding today.
