Wed 9 Jan, 2013 10:47 pm
Facilities of bridge loans center?
I think a company bridge loan could be used to secure working capital until the round of funding goes through.
A short-term loan intended to bridge the gap between other transactions.
(1) Temporary financing obtained at the end of a construction loan period but before permanent financing can be arranged.
(2) A loan obtained by a home buyer when the equity from an existing home is necessary to provide the down payment for a new home,but the buyer has been unable to sell his or her old home as of that time (frequently offered by employers who transfer employees to new cities).