New Updated Bridge Lending Program Benefits Individuals And Businesses," Says Angelo Sferrazza, President Of The IL Bridge Fund, Cincinnati, Ohio

Angelo Sferrazza, President of The IL Bridge Fund, suggests investors looking 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. End Quote

(1888PressRelease) January 26, 2011 - According to Angelo Sferrazza, President, The IL Bridge Fund, even though the Jan. 2011 Consumer Confidence Index has risen to the highest level in eight months, institutional credit is still behind the curve in lending money to emerging businesses, regardless of the market demand for products and services.

"This is why the 'Bridge Lending Programs" were developed," says Angelo Sferrazza, "to supply 'short-term' financing for those businesses who need more timely funding. The recent regulations for business lending criteria have made it extremely difficult for small businesses to acquire funds for business expansion. "Traditional lending regulations and lack of timely response to small business needs is putting on the brakes. We need to start thinking creatively about funding so we can really get this economic recovery back on track."

The IL Bridge Fund has recently updated the company's 'Bridge Lending Programs' making it easier for those investors needing immediate funding to apply to the program. The "Bridge Lending Programs' now:

• Offers faster response to applications
• Streamlines Business Investor applications
• Streamlines Real Estate Investor applications
• Provides more responsive customer service
• Adds additional business resources

"Today it's more important than ever to become advocates for accessible and timely Small Business funding," says Mr. Sferrazza With the unemployment figures hovering near double digits many people are turning to creating small businesses for better control over their finances and futures. Angelo Sferrazza believes there is an immediate need for alternative lenders and traditional lenders to respond to that need.

The IL Bridge Fund was created by Angelo Sferrazza in 2009. The IL Bridge Fund, an Ohio Limited Liability Company, is the funding source for Mid-market Emerging and Existing Companies and Real Estate Investors that have valuable marketable assets that can be used to secure an initial bridge loan (short-term). This approach to funding provides the time needed for companies to secure more permanent funding from an institution, or investment organization. The IL Bridge Fund has funded millions of dollars in transactions to date.

Visit http://www.ilbridgefund.com to get more details and information.

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