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bridge loan |
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Bridge Loan A loan for a short-term period, usually two weeks to three years, until long-term financing can be arranged or an obligation is removed. Interest rates are relatively high, often 12-15%. Bridge loans are used to satisfy working capital needs; for example, if a company is arranging for an IPO or a bond issue in the coming months, but needs capital before then, it may take out a bridge loan. In doing so, it will plan to pay back the bridge loan with the money raised in the longer-term financing. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Loan types included multi-family, bridge loans for land as well as income producing and non-income producing commercial properties, construction loans, including ground up, renovation, and conversion projects, land acquisition and development loans, secured and unsecured revolving lines of credit and permanent loans with both five and 10 year terms. Funds buying financial claims against struggling companies or extending bridge loans to them will also be eligible for tax-exempt status. Some of the most common types of debt financing available to the entrepreneur include demand loans, lines of credit, bridge loans, conditional sales purchases and floor financing. |
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