bot BLC - Bridge to SBA 504 Hybrid Loans

Fast and flexible discretionary lending

Fast and flexible discretionary lending

Bridge to SBA 504 Hybrid Loans

Bridge to SBA 504 Hybrid Loans

Introducing the Revolutionary "Bridge to a Better Place Loan"!

The BLC Bridge to SBA Hybrid loan program is truly revolutionary in that it blends the power of a quick close with the benefits of favorable long-term financing! Affectionately referred to as the "Bridge to a Better Place Loan", the Hybrid program offers a blending of our Bridge Loans and our SBA 504 Loans, providing financing from $1,000,000 to $15 million for 51% or more business owner occupied properties. Simply put, if a business wants a loan to buy a property that they will occupy at least 51% of or refinance a loan on a property that the business occupies at least 51%, they are a potential candidate for the Hybrid program, also referred to as the bridge interim to SBA loan.

The Hybrid program generally applies to one of two scenarios, either it is a time-sensitive situation, or situation where the loan does not meet the SBA guidelines at the moment, but will qualify after certain milestones are met. And, the process for a Hybrid loan is simple, a standard application for a bridge loan is submitted while at the same time collecting the base documentation needed to assess and pre-qualify the loan for a long-term SBA 504 loan. Then, we parallel underwrite the file moving towards a quick closing on the bridge loan while assembling the file and all the necessary supporting items needed to secure SBA approval for the take-out of the Bridge Loan.

According to SBA regulations, bridge loans qualify to be refinanced provided it was for a short-term use, has interest only payments, and where the funds were originally used solely for the business borrower, making our Hybrid Bridge to SBA 504 loan a perfect financing solution for borrowers who want to close fast on a bridge knowing that a take-out solution is being underwritten in parallel!