Bridge Financing

Companies in the process of raising sizable debt or equity funding may require short term borrowing prior to the closing of their financing.  In particular, suppliers may need to be paid, payroll met and inventory purchased - things that just can't wait until the long term funding arrives.   The Tortugas team is prepared to structure a short-term funding option, which provides necessary capital during this critical time.

Best Candidates for Bridge Financing:                                                                                                                                                                            

• Companies with a strong history of profits.
• Manufacturing companies and others with a steady stream of revenues.  
• Companies with unencumbered short term assets.
• Strong take-out parties (Banks, large sized investors) for the debt or capital transaction.
• Companies with access to secondary support from banks or other investment grade parties. 
• Clients with strong credit-worthy customers & suppliers.

Why Tortugas?:

• With more than 25 years in corporate and investment banking, the principals at Tortugas have an excellent understanding of the issues surrounding long term debt and capital funding. Manufacturing companies and others with a steady stream of revenues. 
• Given our streamlined organization and high level of experience, we can react quickly to financing requests, usually closing within 2 weeks.
• Term sheets are not lengthy and are easy to understand. 
• Tortugas maintains highly sophisticated monitoring systems, resulting in our ability to offer the kind of service which usually can only be provided by much larger institutions.  

Key Considerations:  

• We will generally require a security interest in assets or a guarantee from a third party.
• As an interim lender, we will have a priority on take-out with long-term funding
• We will not bridge longer than 120 days

 

Questions?  E-mail us at info@tortugasfinance.com