Bridge financing: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Expand first sentence.) |
||
Line 1: | Line 1: | ||
Bridge financing is a type of loan, usually at fluctuating interest rates, that takes the form of renewable overdrafts or discounting facilities. | |||
It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it. | It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it. |
Revision as of 20:19, 17 February 2019
Bridge financing is a type of loan, usually at fluctuating interest rates, that takes the form of renewable overdrafts or discounting facilities.
It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it.
One example is a Bridge to bond facility.