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  1. #1

    Looking for ERTC Bridge

    Have a business who is doing $30-60k/month... they are an entertainment center and movie theatre... recently closed for renovations and rebranding. They are now not generating any revenue. They have a ~$84,500 ERTC credit due from the IRS in the next 3-6 months. Would anyone be willing to provide them a bridge with the ERTC as collateral and they are required to make the deposit to payback once due from the IRS?

    DM or respond if you have any interest

  2. #2
    Senior Member Reputation points: 216519
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    Supposedly TVT is doing that

  3. #3
    Member Reputation points: 142
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    we can take a look at it for you email me
    Leon Davis
    Funder / Iso Relations

    Brickstone Fund
    Phone: 347-433-7727

    EMAIL: Leon@brickstonefund.com

  4. #4
    We don't work with ERC bridges under $250k, so I cannot help you. But in case there are any lenders on here that do, it may be helpful to inform them whether your client qualified via SDGR (the objective method) or FPSO (the subjective route), as that plays a significant role in the risk profile of the file.

  5. #5
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    What is the "as is" value of the property and is there a current lien on it?
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
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  6. #6
    Senior Member Reputation points: 24994
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    Quote Originally Posted by Quick Funding Solutions View Post
    It may be helpful to inform them whether your client qualified via SDGR (the objective method) or FPSO (the subjective route), as that plays a significant role in the risk profile of the file.
    This and if they operate under a PEO or not. With the FPSO route, literally, almost every company qualifies but I still don't fully agree with the arguments that I have seen

  7. #7
    The PEO factor is less relevant to lending as most PEOs are willing to sign a Letter of Direction.

    Not every business qualifies under FPSO - not even close! The people making these arguments are basing them on CDC/OSHA guidance, which on their own were not mandatory and therefore do not constitute a government order (there were some mandatory OSHA orders for Healthcare, but the rest were just guidelines).

  8. #8
    Noob Reputation points: 10
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    Dallas
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    ERTC Bridge Loan

    Quote Originally Posted by Funding Desk View Post
    Have a business who is doing $30-60k/month... they are an entertainment center and movie theatre... recently closed for renovations and rebranding. They are now not generating any revenue. They have a ~$84,500 ERTC credit due from the IRS in the next 3-6 months. Would anyone be willing to provide them a bridge with the ERTC as collateral and they are required to make the deposit to payback once due from the IRS?

    DM or respond if you have any interest
    Does your client still need a ERTC bridge loan

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