bridge loan
nounDefinition of bridge loan
: a short-term loan used to finance an enterprise, investment, or government pending the receipt of other funds
Examples of bridge loan in a Sentence
Recent Examples on the Web
The floating-rate bridge loan has a term of three years plus an extension option with interest only payments, according to New York Life. — Katherine Feser, Houston Chronicle, "NY Life provides $208M loan for Hines building downtown," 17 July 2019 Technically, the utility will get a bridge loan from the fund, then file an application for recovery with the California Public Utilities Commission, which will decide how much of that the utility can keep. — Kathleen Pender, SFChronicle.com, "How will the new wildfire insurance fund affect you? Here are some answers," 13 July 2019 Even with that money, the symphony would conclude that year on Aug. 31 all but broke — and that’s assuming that the funds were released promptly, that the organization obtained a bridge loan and that nothing else went wrong over the summer. — Mary Carole Mccauley, baltimoresun.com, "A 'going concern'? BSO predicated financial fate on thinnest of margins, wishful thinking," 14 June 2019 The symphony then began to discuss the possibility of obtaining a $1 million bridge loan from the state to tide the organization over — a sum that conceivably could have paid the musicians’ salaries and benefits this summer. — Mary Carole Mccauley, baltimoresun.com, "BSO owed vendors $2.1 million as of April, nearly doubling amount owed 19 months ago," 25 June 2019 Ricci also said state officials are in discussions with the BSO to provide a $1 million bridge loan to the organization. — Luke Broadwater, baltimoresun.com, "72 lawmakers call on Gov. Hogan to release money for Baltimore Symphony Orchestra," 6 June 2019 In February, the city approved three development projects that total $5.8 million in grants and short-term bridge loans, and in 2018 the city agreed to a $3 million grant as part of the old Copley Hospital cleanup. — Steve Lord, Aurora Beacon-News, "City Council OKs incentive to bring restaurant to Aurora," 3 June 2019 Those options could include a short-term bridge loan or a higher-interest loan from a private-equity firm. — Ruth Simon, WSJ, "Small Businesses’ $2 Billion Problem: Government Shutdown Leaves Loans in Limbo," 17 Jan. 2019 In addition to offering bridge loans for businesses waiting for insurance to kick in, the state’s Department of Economic Opportunity also opened a damage-assessment survey on Tuesday to businesses affected by the red tide. — Maya Sweedler, WSJ, "Florida’s Red Tide Stings Tourist Industry," 15 Aug. 2018These example sentences are selected automatically from various online news sources to reflect current usage of the word 'bridge loan.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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