Metal For Life Fan Page 2013-09-05T21:51:28Z WordPress Nick
<![CDATA[The Basics Of Bridge Loans]]> 2013-09-05T21:51:28Z
2013-09-05T21:51:28Z A couple plans on selling their own home to
finance the purchase of a new home. They find the new home they
want to purchase before the old home sells. The money they were
going to use to purchase the new home is not immediately
available. A company needs to purchase vehicles to transport
products to its stores. The company has the inventory to sell;
it just doesn’t have the means to get it to the retail
locations. In both of these scenarios, short term loans are
needed to bridge the gap between the cash flows. A bridge loan
is a financial product that meets this need.  Bridge loans are
temporary loans until regular financing can be obtained. They
are usually made for a year or less. They have higher finance
charges. They usually require some type of collateral. In the
situations above, the collateral in the first instance would be
one of the houses and the inventory wou