Bridge Loans & Short Term Financing As a Budget Solution

For many churches, religious broadcasters and worship technology firms the cost of new media technology such as sound reinforcement, digital display technology, projection systems, lighting, and HD television broadcasting systems can be a "budget busting" purchase. For many mid term financing from 12 to 84 months is a solution that spreads the cost of technology to match the timing of revenues, tithing, contributions or donations. However when an organization needs the technology today and knows it can fund the cost from a future budget (for instance 8 months from now)....the idea of short term financing may allow the immediate acquisition of the technology while forestalling payment to the future budget funding date. Media technology manufacturers and resellers can work with specialized financing (such as National City Media Finance) to create short term financing (one to 12 months) that allows "bridge financing" where the customer may make nominal payments, interest only payments or sometimes no payments' until the budget funding date. This allows immediate acquisition and use of the technology while suspending payment until the future budget date. For instance I currently work with several manufacturers their dealers and resellers to provide this type of financing, sometimes even with 0% financing options for 12 or 24 months. This allows the customer a special financing that is usually approved by the board, executive committee or congregation. For more information on bridge financing please contact me directly at russ.munson@nc-4.com.