BridgeFund makes it possible for you as an entrepreneur to borrow amounts up to USD 250,000. BridgeFund does not assess you based on your annual figures or business plans, but assesses your application based on your cash flow. BridgeFund assesses request within 24 hours, without you having to make a physical appointment. You can request a loan from $ 5,000 to $ 250,000 USD. The term of the loan is one to twenty-four months. The interest is at least 1.3% per month. No further costs are settled on the loan taken out.
|$ 5,000||from 1.3% per month||3 - 24 months|
|$ 250,000||from 1.3% per month||3 - 24 months|
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You do not have to show annual figures. With the help of BridgeFund's smart technology, you will soon know whether you are eligible for a loan.
You don't need a business plan. BridgeFund makes an assessment based on your past performance. Your application will be assessed using an MT940 file.
Performing the application is free of charge.
No collateral is required.
Your application will be assessed within 24 hours by a BridgeFund employee.
You can repay your loan without penalty.
Refunds are made by direct debit.
Clear conditions without fine print.
You must fully repay your loan within 24 months. It is not possible to opt for a longer term than 24 months. The entire amount must be repaid within these months.
The amount is paid in one go and cannot be withdrawn flexibly. BridgeFund does not offer Business (flexible) Credit as an option, so you cannot always withdraw small amounts. However, there are many other providers on this website that do offer a business credit .
BridgeFund charges a monthly rate, instead of an annual one. Most BridgeFund customers opt for a very short term. This is why they advertise monthly interest rates instead of an annual interest rate.
It is not possible to borrow more than USD 250,000.
With the help of your bank statements you must be able to demonstrate a certain turnover.
Requesting a loan from BridgeFund is very easy. You perform the application via the website. You determine the amount you need. You can choose between an amount from USD 5,000 to an amount of USD 250,000.
You pay a fixed interest rate of 1% per month for the loan. A surcharge of at least 0.3% and a maximum of 4.0% per month is added to this. This percentage depends on the results of your company.
At BridgeFund it is also possible to repay without penalty. The loan must be repaid within one to six months. Money is collected every day, which includes interest.