Rates as low as 0.75% and financing in as little as 24 hours. Apply Now To Get Approved!

OBO Bridge Loans for Businesses

Porter Capital has partnered with One Banc One (OBO) to offer this new service to our clients. Bridge loans are a type of short-term financing to assist entrepreneurs or businesses until permanent financing can be obtained. OBO bridge loans are asset-backed by real estate and can be the ideal solution for time-sensitive transactions when a quick cash injection is required but cannot be obtained with traditional financing.

It’s About Time

Time is always an issue with bridge loans. Because typically if you’re interested in a bridge loan, you need financing and you need it now. We understand your urgency and we’ll do everything possible to provide the funding you need within a matter of days after the loan-related paperwork has been received.

A Financial Solution

Bridge loans offer financial solutions for situations not addressed by conventional lenders. These include, but are not limited to:

  • Acquisitions and refinancing
  • Bankruptcies
  • Borrower distress
  • Purchases
  • Foreclosures
  • Tax liens and judgment payoffs
  • Bank workouts
  • Turnarounds
  • Rehabilitation, renovation, and conversions
  • Partner disputes and restructurings

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Bridge Loan Guidelines

We can customize a bridge-loan package to meet your business’s exact needs. Here are our basic bridge-loan guidelines:

  • Our loan range is between $1,000,000 to $5,000,000
  • Acceptable collateral is a first lien on real estate
  • Loan to value ranges from 25% to 40%
  • Terms can range from 90 days to 12 months
  • Understanding of loan purpose and repayment plan
  • In some cases, interest fees, and points can be included in the loan
  • We offer bridge loans in the following states:
    • Alabama
    • Georgia
    • Mississippi
    • Florida
    • Tennessee
    • South Carolina
    • North Carolina
    • Louisiana
    • Texas

Getting Your Loan Funded

All you need to do is give us a call or send an email and tell us what you need. Generally, we’ll tell you immediately if we can help. If we can, we’ll gather additional details and issue a proposal within 24 hours.

At Porter Capital, we’re dedicated to being one of the best asset-based financing and bridge loan providing companies in the country. That’s why we make it easy to get what you need for your business to grow. Apply today to get started!

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