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. Bridge loans allow a small business owner to make a strategic acquisition, acquire property, or make some other useful purchase. Bridge loans are sometimes called gap financing or a swing loan. Borrowing in this fashion can often be a valuable tool in increasing enterprise value. On the other hand, “bridging” the enterprise to a longer-term financing solution or an expected influx of cash. No Stigma with Bridge Loans There’s no stigma attached to seeking a...
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