A bridge loan is a type of short-term loans issued to persons or entities for a period of up to one year at a high enough percentage to meet current obligations of the borrower. Typically, such a loan is a temporary measure and may not meet the present needs of the borrower. Cash loans for cars in Sydney provide a practical solution for anyone looking for funds.
The essence of the bridge loan is that the borrower repays the loan through cash received from another source of funding, which may be a sale of assets, real estate, etc.
For example, in companies, a bridge loan can be a source of working capital for the purchase of fixed assets, and the cash proceeds from the sale of obsolete assets, and can also become a means of loan repayment. On the other hand, sometimes the source of repayment is the same bank that issued bridge loan.
