What is the meaning of the term "Bridge Loan"? Please explain me in detail.
2 Replies
* Krishna *
(CA Student)
(6149 Points)
Replied 11 August 2010
A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. The loans are short-term (up to one year) with relatively high interest rates and are backed by some form of collateral such as real estate or inventory.
Also known as "interim financing", "gap financing" or a "swing loan".
Sagar Zankhariya
(Audit Assist.)
(278 Points)
Replied 11 August 2010
As per ur question answer of meaning of bridge loan go through following link
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