Direct Private Capital Group, Inc.

Bridge loans are short-term loans that provide funding for a specific purpose, such as purchasing equipment or inventory. The borrower typically repays the loan over a period of months, but there may be an option to extend it if necessary.

Banks and other financial institutions issue bridge loans because they want their clients to succeed. Bridge loans can help businesses grow and increase profits, which means more money for banks in the long run.

Businesses typically use bridge loans with an existing revenue stream but need financing to expand or purchase equipment or inventory. Bridge loans are also used by individuals who need money to pay off credit card debt to qualify for a mortgage.