Get funded faster with Growth Lending
We offer loans from $2 to $10m to bridge the gap between when you bank has approved you for a USDA loan and when the USDA approves the loan, giving you fast access to the capital your business needs.
We work with your USDA lender to provide provide funds before the USDA has approved the guarnatee. We provide fast and flexible funds so that you can start your project quickly. We can do this in two different ways:
We lend to all insdustres and most situations eligible for the USDA guarantee. Our key criteria are:
If your business has applied for a loan with a USDA lender, it will take 3-6 months until your loan is funded. The reason is that once your USDA lender has approved the loan the USDA also needs to approve it. You can now use this time to grow your business by taking on a bridge loan.
A USDA bridge loan from Growth Lending does exactly that. It bridges the gap between loan application and payout, helping to strengthen your cash flow.
You can use it to fund part or all of the project you have applied to the USDA lender for. Though you will only recieve up to 75% of the full amount of the loan, you will be able to spend it straight away.
Depends on the size, use of funds and financial performance of your company. In broad terms: