Yes! Our no income business loans are designed for business owners who may not have the traditional documentation available, or who show little taxable income due to a variety of reasons. This is a common issue and we are here to help you through it.

Bridge loans are short term loans, generally for 12 to 24 month terms that are also referred to as bridge loans. They are meant to be used to fund deals fast and easy. Bridge loans are a bridge to help you buy or take cash out of a property now and give you the time needed to either sell the property or refinance into a more stabilized loan in the future.

Getting a bridge loan may be a perfect solution to help you get the cash you need now to either payoff debts, judgements or even another loan that is coming due.

We are a nationwide lender. We offer bridge loans in all 50 US states.

Bridge loans do not typically show up on your personal credit report as a loan, so it will not affect your FICO score.

Interest rates on bridge loans are higher than most other loan options as to be expected, but rates can range from as low as 8.99% and go up from there, depending on the strength of the borrower, collateral and LTV (loan to value) and exit strategy.

To apply for a bridge loan you would need the following items:

• Complete a short application over the phone or online
• Contract of sale or provide properties value if refinancing
• Provide 2 month bank statements showing funds needed to close
• Photo ID and social security card
• LLC documents (operation agreement, formation, EIN)
• Voided check
• Exit strategy - which we can help you with

Most bridge loans do require you to close in an LLC name. We do have some options that will still allow you to close in your personal name but the terms vary. If you don’t already have an LLC formed, you can do so online in just 15 minutes. We have found Legal Zoom is one of the easiest and most convenient companies to use to form your LLC in just minutes.

When looking for a bridge lender, you should look into a lenders reputation, experience, and past history of getting loans closed quickly. You should read their online reviews, as it’s a great way to see how they conduct their business and what other real estate investors have to say about them. You should also consider their rates and fees to make sure they are competitive, but please keep in mind the best rate isn’t always the best option, as it doesn’t matter how low another lender’s rate is if they cannot get you to the closing table on time.

We would also recommend that you look for a bridge lender that offers other loan programs to help you streamline the process to refinance your bridge loan when you’re ready. Lastly we would strongly recommend that you avoid hard money lenders that require you to pay large upfront fees or due diligence fees.