Bridge Loan
Bridge Loan is a short-term financing option used by companies to cover immediate expenses until longer-term financing is secured.
Benefits
Bridge loans provide fast cash. This helps businesses keep going without stopping or waiting for longer-term loans.
Frequently Asked Questions
What is a bridge loan used for?
A bridge loan helps cover costs for a short time. It`s used until a company gets longer-term funding.
What is a bridge debt?
Bridge debt is a temporary loan. It supports a company`s immediate financial needs until a more permanent solution is found.
Why do startups use convertible notes?
Startups use convertible notes for quick cash. These notes can later turn into shares of the company.
Key Takeaway
Bridge loans offer a quick fix for immediate financial needs. They let businesses move forward by providing short-term funds.