(800) 276-1500info@primaryfunding.com E-Factor Apply Free Consultation About Services Community Resources Partners Contact Us Bridge and Term Loans TERM LOANS A term loan is a loan that is repaid in regular payments (usually weekly or monthly) over a set period of time. Primary Funding generally provides term loans that are repaid anywhere from 6 to 18 months but may be longer in some cases. Term loans are a great way to provide an injection of working capital that gets paid back over a period of time allowing a company to take on new initiatives that will grow profits. One thing to consider when getting a term loan is whether the interest rate is fixed or floating. A fixed interest rate means that the percentage of interest will never increase, regardless of the financial market. Low-interest periods are usually an excellent time to take out a fixed rate loan. Floating interest rates will fluctuate with the market, which can be good or bad for you depending on what happens with the global and national economy. BRIDGE LOANS A “bridge loan” is basically a short-term loan used by a company to “bridge” a temporary cash gap. These loans are also known as a swing loan, gap financing, or interim financing. A bridge loan is typically repaid in 3 to 6 months but can extend longer. These loans will always have a well-defined and reliable repayment source. A bridge loan essentially “bridges the gap” between the time funds are needed, and generally when funds are expected that will pay off the obligation in full. Everyone’s business needs are unique. Give us a call to discuss your business situation. We are happy to be a resource for you and discuss your needs and options and see how we may be able to help. ABOUT Primary Funding Corporation provides Alternative Business Financing Solutions to businesses. We help companies in just about every industry ranging in size from start-up to $25 million in revenue. Our financing products include Accounts Receivable Financing, Asset-Based Lines, and Equipment Loans. Loans made or arranged pursuant to the California Finance Lenders Law, License 6034157. LATEST What Kind of Businesses Does Primary Funding Help? We are often asked… “What types of industries does … Read More Lauren Hanlon, PFC’s Assistant Vice President, has exciting news! Lauren, we hear you have some exciting news to share with … Read More COMMUNITY Primary Funding supports Community organizations such as the North Hispanic Chamber of Commerce CONTACT 11545 W Bernardo Court Suite 209 San Diego, CA 92127 T: (800) 276-1500 • P: (858) 530-1500 F: (858) 536-5577 • E: info@primaryfunding.com CONNECT Copyright © 2021 Primary Funding. All rights reserved. Privacy Policy | Developed by TinyFrog Technologies We'll assume you're ok with this, but you can opt-out if you wish. Accept Reject