Chicago, IL (PRWEB) February 27, 2012
Clopton Capital, a business loan provider which specializes in bridge loans, is announcing that they are now offering bridge loans at 600 base points over the 90 day Libor rate. This is far more competitive than commercial bridge loans have been typically approved at in recent years and according to the firm is likely as low as interest-only commercial bridge loans will likely ever be approved at. This has encouraged Clopton Capital to start publicizing and dedicating more resources towards this specific type of business loan. This decision will likely come at the opportunity cost of promoting their commercial mortgages and SBA loans, but the firm believes this is a good decision since so many businesses and commercial property owners are in dire need of fast working capital. “In recent months, bridge loans have taken a back seat to our other more traditional business loan offerings. Due to numerous economic factors and the fact that commercial bridge loans are starting to become both more attractive to the borrower and lender, we feel it is time to put a stronger emphasis on them. It's a decision I can't imagining regretting anytime soon,” said Jake Clopton, the founder of Clopton Capital.
The firm's future plans are to find new methods to proactively find distressed commercial properties and financially rescue them from foreclosure via commercial bridge loans. “There are a lot of business loan solutions that can be brought to the table, but frankly it's hard to help those who don't help themselves. Currently, we primarily rely on the borrower to come to us, but it would be fantastic if we could find them in cases where they are completely unaware of the business loan solutions that exist,” said Matt Reed, an associate of Clopton Capital.
For more information about Clopton Capital’s business loan services visit their website dedicated to them at CloptonCapital.com. To join their financial link exchange visit CloptonCapital.com/link.
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