Bridge Loans. A " bridge loan " is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.
The Impact Fund will provide short-term bridge loans to social impact organizations that run into unexpected obstacles on their path to scale, thereby ensuring that these businesses survive and thrive.
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A bridge loan is a short-term financing solution offered by select lenders that provide funds when permanent loans cannot be approved. Typically, these are 12- to 36-month term commercial loans that.
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A bridge loan financed by a private lender is similar to a typical mortgage loan but it’s meant to be used a short term solution to improve your credit and help you gain access to lower interest rate loans in the future.
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