FREQUENTLY ASKED QUESTIONS
What is AshtonBridge Capital?
AshtonBridge Capital is an investment firm that provides private credit to businesses looking to expand their operations.
Is AshtonBridge a bank?
AshtonBridge is not a bank. We are an investment firm that pools investors funds to provide private credit solutions to our clients. Our solutions are underwritten internally. This allows your business to be funded quickly. Depending on the amount and the merits of your business, we can call on our investors for additional commitments.
What type of companies and industries do you work with?
We work with businesses of all sizes, from various industries. No specific industry is preferred or marginalized. If you can grow your business, we can fund your business growth.
What does my business need to get approved for a private loan from AshtonBridge?
To be considered for funding, your business needs to have at least one (1) year of operations and produce a minimum of $20,000 in monthly revenues. The loan proceeds are required to be used for business expansion exclusively.
The following documents are required:
- Last business tax returns (if in business for 2 years or more, last two business tax returns are required).
- Last annual financial statements (if in business for 2 years or more, last two annual financial statements are required).
- A business plan describing your expansion plans and the related financial projections.
What specific type of financing do you offer?
Depending on your needs and the merits of your business, we may offer your business a Loan-only solution, a Loan-Royalty solution, a Loan-Equity solution or a Loan-Royalty & Equity solution. AshtonBridge does not offer Equity-only solutions at this time.
What is the minimum loan amount?
There is now no minimum loan amount. If your business needs capital to expand, we will work with you to fund your business. All you need is to convince us that (1) what you do today works, and (2) what you plan to do with the money will also work. It’s as simple as that…
What is the maximum loan amount?
There is no maximum loan amount. Everything depends on the merits of your business and its potential within the market. But no matter the amount, if we determine that your business is worth the risk, we will invest in your business, and will raise the funds you need to expand your business.
How long does it take to close the loan?
From the time all documents are submitted, we can fund most businesses within 30 days. For larger amounts that require additional investors, we can fund your loan within 60 and 90 days.
Does funding take place in one installment only?
Most funding will take place in a single installment, within 30 days.
Can my business get several loans from AshtonBridge at the same time?
Your business is a Going Concern that needs to adapt to its market environment. For that reason, AshtonBridge will be with you at all stages of your growth. Our goal is to fund your expansion needs whenever financing becomes necessary.
What is the cost of my credit going to be?
It all depends on the merits of your business and the overall market conditions.
Regardless, our Closing Costs vary between 8% and 10% depending on the complexity of the transaction, and whether or not we need additional security like Surety Bonds, etc. – No matter the case however, there is never an upfront fee to you. All we need is your Loan Application and the documents required. And once you are approved, we’ll send you Loan Documents to sign and we’ll fund your loan minus closing fees.
What happens after funding?
After Funding, you will be assigned a Portfolio Manager who will work with you to support your Management, and to evaluate future capital needs if that becomes necessary as your operations continue de expand.
What IF MY BUSINESS WANTS TO ACQUIRE ANOTHER BUSINESS OR EQUIPMENT?
AshtonBridge can certainly help your business get new equipment, open a new branch, add a production facility or acquire or merge with another business. Depending on the merits of your business and its potential within the market, you can count on us to fund your business growth.