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bridge loan
(redirected from Bridging loan)

    Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.03 sec.
Bridge Loan
A short-term loan that is used until a person or company can secure permanent financing.

Notes:
Banks offer bridge loans to help home buyers out of a sticky situation. They are short-term loans (up to 1 year) with high interest rates that let you borrow against the value of your old home. Basically it covers the bills until a company or person is approved for a larger loan.

See also: Loan
bridge loan
A short-term loan that is taken out until permanent financing can be arranged. Also called swing loan.
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This report provides an overview of the bridging loan sector in the UK, covering market sizing, issues, competitive trends and includes a 5-year forecast in terms of gross advances.
The UK's Bridging Loan Sector is Expected to Account for 1.7% of ... by Business Wire
As a result, by June 2002 it was able to fully repay the EUR1-billion bridging loan taken out to finance the Seagram acquisition.
Pernod Ricard: 1st-Half 2002 Results; Twofold Increase in Operating ... by Business Wire
Further, the new company has completed a $1,200,000 convertible bridging loan with Cornell Capital LLP.
UPDATE ON: Hugo International Telecom, Inc. and Worldlink ... by Business Wire
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