Bridge Loans for Small Business – Advantages and Practical Considerations when choosing a Bridge Lender
A bridge loan is a short-term loan, with a term of a few weeks to 12 months, that allows a small business owner to make a strategic acquisition, acquire property, or make some other useful purchase. Sometimes called “gap financing” or a “swing loan”. Borrowing in this fashion can often be a useful tool in increasing enterprise value. On the other hand, “bridging” the enterprise to a longer-term financing solution, or to an expected influx of cash. No Stigma with Bridge Loans There’s no stigma attached to seeking a bridge...
read more