bridge financing

American  

[brij fi-nan-sing, fahy-nan-sing] / ˈbrɪdʒ fɪˌnæn sɪŋ, ˌfaɪ næn sɪŋ /

noun

1. interim or emergency financing through a short- or medium-term loan bridge loan orswing loan.

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Example Sentences

"They went and got bridge financing from first a bank, then in February 2022 they got a second loan of $6 million from two different companies," Lowell said.

From Salon

The organizations boosted the figure over $400 million by year’s end, obtained bridge financing and announced the new timetable in April 2021.

From Seattle Times

In May, Digital World said in an SEC filing that Trump’s company is running off loans, including $15 million in bridge financing from earlier this year, that could allow it to pay its bills through at least April 2023.

From Washington Post

It raised $22.6 million through convertible promissory notes last year and an additional $15.4 million through bridge financing in the first quarter of this year.

From Reuters

Scandinavian airline SAS kept its bid for survival aloft at the weekend by securing bridge financing through bankruptcy protection proceedings, sending its shares 5% higher on Monday.

From Reuters