Bridge Loan (or Bridging Loan)

Bridge Loan (or Bridging Loan in USA) is a type of gap (covering the period between the termination of one loan and the start of another) or interim financing for an individual or business until permanent financing arrangement wherein the borrower can get access to short-term loans for meeting short-term liquidity requirements. The Bridge Loan used to be paid back from the new financing loan.

Related Definitions in the Project: The Commercial Definitions