IL Bridge Fund's Job Creation Program And Updated Business Funding Program Launches 1st Quarter Of 2011

New funding resources as well as educational mentoring programs such as The IL Alternative financial sources, such as The IL Bridge Fund are needed to develop small business and create jobs for Ohio citizens to meet Department of Development's new director's focus, says Angelo Sferrazza, Cincinnati, Ohio. The IL Bridge Fund has new programs in development, expecting to launch first quarter 2011. End Quote

(1888PressRelease) January 26, 2011 - The IL Bridge Fund is launching a Business Incubation program for new and emerging businesses, as well as making it easier to access their funding process. "The incubation program and the updated loan application process will offer financing as well as business mentoring to help selected businesses attain their goals" says Angelo Sferrazza, President, The IL Bridge Fund, located in Cincinnati, Ohio. These initiatives are in line with the direction for revitalizing Ohio's businesses set by the newly appointed Department of Development Director, Mark Kvamme.

"New and emerging businesses not only need funding but also guidance, the type of guidance provided by hands-on professionals who have been working their businesses for many years. This is one of the reasons behind the development of The IL Bridge Fund Incubation Program for new and emerging businesses. We want the businesses to be successful, therefore sometimes they not only need funds, but also advice on growing their business", says Angelo Sferrazza, President, The IL Bridge Fund, Cincinnati, Ohio.

For those businesses or investors only needing financial resources, Angelo Sferrazza, suggests investors look for other funding alternatives in the marketplace that do not depend upon traditional lending to start a new business, expand an existing one or invest in real estate. Consider an alternative funding program, such as The IL Bridge Updated Funding Programs to step in when loan timing is critical. The updated IL Bridge program:
• Offers faster response to applications
• Streamlines Business Investor applications
• Streamlines Real Estate Investor applications
• Provides more responsive customer service
• Adds additional business resources for entrepreneurs

The IL Bridge Fund currently provides 'Bridge Funding' for businesses that need more timely funding, with less stringent lending criteria, until more permanent institutional funding can be secured.

According to Mr. Sferrazza, institutional credit is still behind the curve in lending money to emerging businesses, regardless of the market demand for products and services. "The recent regulations for business lending criteria have made it extremely difficult for small businesses to acquire funds for business expansion" says Mr. Sferrazza. "I believe that there is an important need for someone to advocate for the small businesses in the State of Ohio and beyond. We believe in the direction Mr. Kvamme is taking regarding business development in Ohio and will do all we can to assist with his objectives.

For more details and information, you can visit http://www.ilbridgefund.com.

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