Jun 20 • 🚨 Announcements
Why I don't do bridge loans
If you already have high utilization and you have no way to pay it down.
Then getting a bridge loan so you can get business funding.
Is one of the worst ideas you can come up with.
The only ones who benefit are the funding companies.
Many times the payments snowball until you can't handle it anymore.
I've seen it multiple times.
Mainly start ups and beginners cannot handle a play like this.
Seasoned business owners its completely different.
Because they already have a business making money.
A clear exit plan.
Instead of hopes and dreams.
Not saying don't take the risk but 95%+ of the time.
It ends with you defaulting.
But this is what I am wanting to prevent.
Screw me for caring huh?
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Why I don't do bridge loans
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