Apply for an SBA Bridge Loan
Qualifications: In business for at least 9 months with at least $10k/month in average sales
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The SBA Bridge Loan has been designed to help with your short-term needs
If you've applied for a loan through the SBA, you may have to wait 3-6 months to find out if your business has been approved.
The SBA Bridge Loan product through Mulligan Funding has been designed specifically to help your businesses with your short-term needs.
Fast ApprovalHave your application approved in as soon as a few hours and funding as soon as the business day after approval.
Flexible TermsKnowing that it can often take 3-6 months to hear back about your SBA loan application, the SBA Bridge Loan product through Mulligan Funding was created to help businesses with their short term needs. Once you receive your SBA loan approval, you can repay your loan at anytime with no penalties.
Discounts AvailableWhen you receive approval for your SBA loan application, you can use that loan to payoff your bridge loan early with competitive discounts.
How do I qualify for a business loan through Mulligan Funding?
- Working Capital Loan:
At least $10,000 in average revenue a month over 9 months†
- Business Term Loan:
At least $350,000 in annual business revenue
Time in Business
- Working Capital Loan:
At least 9 months
- FICO score:
Minimum Score of 600
No more than one fixed daily/weekly debit loan, and free from open bankruptcies
If you fit these qualifications, our loan advisors would love to speak with you to cover some additional qualifications and answer any questions you have about your business loan options.
SBA BRIDGE LOAN FREQUENTLY ASKED QUESTIONS
What is the SBA Bridge Loan through Mulligan Funding?
The SBA Bridge Loan product was created to support a short-term need for businesses while they await approval on their SBA loan. The Bridge Loan through Mulligan Funding is not related to the SBA and is not government funded, but was created to support a need for capital during the extended period of time that it typically takes to get approval from the SBA.
What will the payment be on my SBA Bridge Loan?
Your payment will be dependent on your loan amount along with other factors. You will have a weekly ACH that assumes the loan will be paid back over a term of 12 months. This will allow us to give you a payment that is manageable, and also a back-up strategy in case your SBA approval does not come through.
How much do I save if the bridge loan is refinanced by an SBA Loan?
You can expect to reduce your total financing costs by 55-65% if your bridge loan is refinanced within 3-6 months.