A line of credit allows businesses to borrow up to a certain amount of money, as needed, and pay interest only on the funds that are borrowed. Commercial Bridge Loans are a popular option for businesses in need of short-term financing to bridge a financial gap until more permanent funding can be secured. However, they are not the only option available. One alternative to a bridge loan is a business line of credit.
This can provide more flexibility and cost savings compared to a traditional loan or a bridge loan. Additionally, businesses may also consider invoice financing, equipment financing, or other types of loans that are tailored to their specific needs and circumstances.