Too many local businesses are finding their business growth hampered by a lack of cash flow or a weak working capital position. On top of this, small to medium enterprises (SMEs) find it difficult to receive loans from banks due to multiple factors such as operational and credit history. This poses a risk to the business.
In instances like the above, SMEs can look to P2P crowdfunding platforms like BRDGE for working capital. BRDGE bridges SMEs with Matched Lenders, who lend their own cash through the platform. This crowdfunding process allows SMEs to access loans at lower interest rates, while investors earn returns at a higher than average market rate.
A much-needed injection of capital can help businesses grow and expand. BRDGE’s offer of flexible funding is an alternative way to finance your business.
YOUR BUSINESS IS GREAT - IT'S TIME TO SHOW THE WORLD HOW TRULY GREAT YOU CAN BE.
BRDGE's innovative approach to business financing involves combining technology with the art of crowdfunding. This offers SMEs an alternative to financing while offering Matched Lenders opportunities to diversify their portfolio.
Here's a quick comparison if you're a fast-growing SME and is seeking funds at $300,000
|BRDGE||Traditional Financing||Funding from another alternative financier|
|Repayment Term||Up to 18 months*||12 to 60 months||Up to 12 months|
|Loan interest rate||8% to 18% p.a.||Fixed Rate + Prime Lending Rate||18%-60% p.a.|
|Early repayment penalty||No penalty.||Application fees + Facility Fees||Typically 3%-5% of quantum|
|Processing time||7 days||2 to 3 months||7 days|
3-18 months tenure is dependant on final credit approval.
See if I qualify
Complete our simple online application form, which only takes a few minutes. Thereafter, we will contact you to discuss your business loan options and request for all necessary documentation that is required.
We will verify your eligibility and confirm facility amount for your business loan.
Sign your documentation and funds will be transferred to your nominated account. Many of our customers are funded within 3 days of approval.
Now, please click here to begin your BRDGE member registration.