Angelo Sferrazza, President, The Bridge Fund Provides Timely Funding For New Car Multi-franchise Dealer's Business Expansion

Angelo Sferrazza, President, The Bridge Fund Provides Timely Funding For
New Car Multi-franchise Dealer's Business Expansion
(1888PressRelease) Small Businesses are the backbone of the economic recovery, according to
most politicians, so why is it so difficult to find funding? Angelo Sferrazza is taking steps to make
timely business funding more available via Bridge Funding programs that fund business
expansion, operation and development, such as the auto dealer who needed immediate funding
to develop a new business opportunities.
(1888PressRelease) - "The recent regulations for business lending criteria have made it
extremely difficult for businesses to acquire funds for business expansion" says Angelo
Sferrazza. "I believe that there is an important need for someone to advocate for the small
businesses in the State of Ohio and beyond".

As an example, a multi-franchise new car dealer needed to expand their existing automobile
business as well as develop a new business opportunity for the group which will help create
many new jobs as well as positively impact local Ohio communities. The dealer couldn't find
traditional financing due to the current economic environment. The dealer's previous financiers
were unable to provide timely funding, much less provide it in a timely manner. Time was of the
essence in this transaction as there was an additional business opportunity that could also be
seized if the funding was available immediately. The dealer called Mr. Sferrazza, President, The
Bridge Fund. Mr. Sferrazza funded $300,000.00 to the dealership, secured by a first lien position
on the dealer's real estate which was lien free prior to the funding arrangement. This was a small
business that needed immediate financial action, that wasn't available via traditional lender
criteria.

Since most politicians agree that small businesses are the mainstay of the economy, shouldn't it
be easier for business to find funding to ensure success in the communities around the county
and further improve economic development? "This is why the 'Bridge Lending Programs" were
developed," says Angelo, "to supply 'short-term' financing for those businesses who need more
timing funding".

http://www.ilbridgefund.com
Trackback URL:
http://www.1888pressrelease.com/angelo-sferrazza-president-the-bridge-fund-provides-timely-
pr-259337.html
###

---