Bridge Loan

Word of the Week
#EnvolveEDU

Bridge Loan
/brij/ /lōn/ n.A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. Bridge loans help in bridging the gap between short-term cash requirements and long-term loans. These loans are normally extended for a period of 12 months and usually carry relatively high interest rates.
Read more in the article we have sourced for you.