gap financing
Also referred to as bridge or interim financing, gap financing refers to a short-term loan for the purpose of meeting an immediate financial obligation until sufficient funds to finance the longer-term financial need can be secured.
gap financing
Also referred to as bridge or interim financing, gap financing refers to a short-term loan for the purpose of meeting an immediate financial obligation until sufficient funds to finance the longer-term financial need can be secured.
Additional Information
Gap financing carries a higher cost to the borrower and is most appropriately used to meet short-term cash flow needs.
