In finance, the terms bridge loan and bridge financing refer to short-term loans used to finance endeavors after long-term loans have expired and before subsequent long-term loans are granted.
Typically, the requirements for accessing bridge loans are less stringent than those required to get long-term loans. Bridge loans are normally more expensive than long-term loans.
Bridge loans are also commonly in business lending. Companies may use bridge loans to maintain liquidity until they are able to secure long-term financing. The liquidity provided by business credit cards and business current accounts could be considered a bridge loan because it provides easy-to-access financing, but at a relatively high interest cost.
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