.: Bridge Loan Top Related Articles
1). What is a Bridge Loan?
A bridge loan, which can also be called a hard money loan, is a short-term loan that is used until a person or company can secure permanent financing. Basically, they "bridge" the gap between today's need for immediate cash to pay bills and the final closing of a pending investment deal or long-term financing package.
Bridge loans are usually offered for terms of 12-36 months and many can be refinanced into low cost, long-term financing through a lender.
Article tags: bridge loan, commercial loan, commercial mortgage, commercial lender, loan, mortgage
2). When The Bank Says "No"
Factoring has been practiced for centuries. The Romans sold promissory notes at a discount as did the Phoenicians. The word “factor” comes from Latin, the language of Rome. It means “to do” or “to make.” The Pilgrim’s journeys to America were financed by advances from a Factor who provided the funds to pay for the journey. The Pilgrims repaid the money with earnings from America.
Article tags: factoring, accounts receivable, funding, invoice, line of credit, bridge loan, purchase, order