fbpx

Bridge Loan

« Back to Glossary Index

A bridge loan is a short-term loan used until an entrepreneur or a start-up secures permanent financing. Or removes an existing obligation. It allows the user to meet current obligations by providing immediate cash flow. Bridge loans are short term, up to one year, have relatively high interest rates. And are usually backed by some form of collateral, such as real estate or inventory. Lastly, to know more about Bridge loan and Funding ideas, contact Entrepreneurs Collective and become a free member today.

« Back to Glossary Index