Bridge Loans – How to do them right
Bridge loans are a powerful tool to further corporate growth, but if executed incorrectly they can also prove extremely expensive for your company. Simply put, a bridge loan is a temporary loan that is obtained while the borrower waits for approval for a long-term loan. There are various reasons that bridge loans can be difficult to work with, from terminology to timeline, but understanding how to implement them correctly can save you a lot of time, headache, and expense.