ERC Advance and Bridge Loan Financing
Cash flow needs while you wait for your ERC refund?
If your small or mid-sized business can’t afford to wait up to a year for your Employee Retention Credit (ERC) refund to cover day-to-day expenses or fund reinvestment, Omega Funding Solutions (OFS) can help!
Get An ERC Advance for Immediate Cash Flow
As a third-party lender offering ERC funding assistance to new and current Omega Accounting Solutions’ clients, OFS can help you keep your business afloat with an ERC bridge loan based on your anticipated refund—whether you filed your Employee Retention Credit with Omega or not.
Secure Your Business’s Financial Stability with Our ERC Advance Funding Options!
What is a Bridge Loan?
A bridge loan is a short-term loan that is typically used when businesses need the flexibility to borrow money. Bridge loans can be useful for businesses that need to quickly raise capital to take advantage of new opportunities, such as a time-sensitive acquisition or expansion project. An ERC Bridge Loan is a specific type of bridge loan available to many employers who meet the requirements of the Employee Retention Credit.
ERC Bridge Loan Details
All you need to get started with OFS is a valid ERC claim filed with the government. We provide simple business bridge loans of up to 60% LTV of your anticipated ERC refund amount. Make small interest payments starting the month after your loan funds, and pay the principal balance when you receive your ERC refund check from the Treasury Department.
It really is that simple! Borrowing from OFS is easy because we routinely use the ERC refund as collateral.
How Long Does the Process Take?
- ERC clients who filed with Omega can receive funds in about two weeks
- Clients who filed ERC with another processor can receive advance funds in as little as two weeks upon receipt of all requested documents
- Clients who have not yet filed ERC can have their ERC processed and receive advance funds in as little as 45 days
Contact OFS Today to Discuss Business Financing Solutions!
ERC Advance Program Benefits
- Fast – Loan decisions are made quickly for existing Omega clients.
- Flexible – Loan values vary based on the approved client’s expected ERC refund value.
- Equitable & Accommodating – OFS serves typical borrowers and under-resourced clients including low credit, the self-employed, and corporations/LLCs.
ERC Advance Loan Terms
- Loans available at up to 60% loan-to-value (LTV)
- You must have filed a valid ERC claim with the government
- Loan value and approval are determined by your expected ERC refund
- Nothing due upfront
- No minimum or maximum loan amount
- Loan repayment begins after your loan clears and concludes with a balloon payment upon receipt of the ERC refund