Bridge financing for Quebec businesses

Bridge financing, or a bridge loan, is a short-term solution that covers an immediate need while you wait for expected incoming funds or longer-term financing. It bridges the gap between when you need the money and when you will receive it.

It is often used when an opportunity or obligation cannot wait for the timelines of traditional financing.

How does bridge financing work?

The lender advances funds for a short period. Repayment is usually planned from the expected incoming funds: the disbursement of long-term financing, the sale of an asset, payment on a major contract, or a tax credit or grant to be received.

Because it is short-term financing, its cost can be higher than that of a long-term loan. It is important to have a clear source of repayment and to fully understand the terms before accepting.

Common uses

• Waiting for long-term financing to be approved
• Covering the costs of a contract before being paid
• Seizing a purchase opportunity before another asset is sold
• Keeping operations running while waiting for a tax credit or grant
• Managing a transition when changing lenders

Who is bridge financing for?

Bridge financing is designed for businesses that have identifiable incoming funds in the short term and a need that cannot wait.

Eligibility criteria

To apply through Prêt Rapide, your business must meet the following criteria:

• At least 6 months in business
• At least $10,000 in monthly revenue
• Business registered in Canada (incorporated, partnership or sole proprietorship: all structures accepted)

Applying with Prêt Rapide

• Amounts from $10,000 to $1,000,000
• No impact on your credit score when you apply
• Free service for your business
• Response within 24 hours

Frequently asked questions

Other financing solutions