Current location - Loan Platform Complete Network - Loan intermediary - What does it mean when a boy crosses the bridge?
What does it mean when a boy crosses the bridge?

Bridge refers to a loan, also known as a bridging loan.

Bridge advances are usually divided into the following four categories:

1. Bank acceptance margin advance.

2. Advance payment on maturity of bank loan.

3. Consumer loans, advance funds in house purchase and sale loans.

4. Other types of advance capital business

The so-called advance capital bridge is actually specially designed for those who have applied for a loan but are unable to repay the loan on time due to one or other reasons. A specialized service launched by people.

It is a third-party financial institution that repays the owed loans in advance on behalf of these borrowers, so as to avoid these borrowers being punished by the bank or being included in a credit blacklist.

Bridging loans have a short term, up to one year, relatively high interest rates, and are secured by some collateral such as real estate or inventory. Therefore, bridge loans are also called "bridge financing", "interim financing", "gap financing" or "swing loan".