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interim financing |
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Interim financing A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing.
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? Mentioned in | ? References in periodicals archive | |
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A $1,350,000 interim financing was obtained by Barry Swartz for a five-story vacant building on East 125th Street in New York City. Now that the Small Business Administration's coffers are dry, several local lenders say they might provide interim financing to small businesses until new SBA money comes through. Rim Semiconductor Company (OTCBB:RSMI), an emerging provider of semiconductors to the broadband telecommunications industry, today announced that, pursuant to a loan agreement with an institutional investor, it has completed a round of interim financing resulting in gross proceeds to the Company of $750,000. |
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interim financing