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Commercial Lending Services Include:
Commercial Lines of Credit
A commercial line of credit is designed to meet your company’s short-term financing needs such as making volume purchases or taking advantage of trade discounts. A commercial line of credit will typically require a zero balance for a specific time annually.
Formula Revolving Lines of Credit
A formula revolving line is designed to supplement a borrower’s cashflow. Used for a more permanent source of working capital financing and tailored for companies that are experiencing high levels of growth in sales which require an increased investment in accounts receivable and inventory which the company cannot provide internally. The A/R formula line of credit provides financing based on your companies eligible accounts receivables.
Equipment Loans / Term Financing
Bridge Bank provides term financing for purposes such as the purchase of equipment, permanent working capital, and tenant or leasehold improvements. Other uses of term financing are corporate acquisition or refinancing of existing debt. Competitive terms and conditions are available and vary with the type of financing requested.
Seasonal Working Capital Lines of Credit
A flexible revolving line is designed for companies that do not require permanent working capital financing. This line of credit is not formula based and is issued for temporary financing of current assets.
Letters of Credit
Bridge Bank’s Letter of Credit program is designed to issue these credit instruments in favor of vendors (or others) which guarantee payment to them in various circumstances. In doing so, the Bank will ensure payment to these vendors so long as certain benchmarks are met (e.g., shipment of goods). Through our correspondent relationships, Bridge Bank issues both Commercial and Standby Letters of Credit, both domestic and international.
Commercial Real Estate Financing
Long-term real estate financing for both user and investment projects. The funds can be used to purchase new property as well as to refinance existing projects.
Corporate Credits Cards
Visa cards for your business use. The cards are qualified and prepared in-house.
Saving & TCD Loans - Up to 90% of monies in the accounts. No restrictions on terms.
Home Equity Lines of Credit
A home equity line of credit is based on the available equity in your home and can be used for various investments.
Ready Reserves
Bridge Bank provides overdraft protection as a revolving line of credit in a Ready Reserve Account. This type of credit is only offered to individuals with automatic payments drawn from Bridge Bank DDA accounts.
Please contact one of our Offices, or call 1.866.BRDGBNK (1.866.273.4265).
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