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Hey, its Todd Ault, and these are Wall Street words. Todays word is bridge loan, a term commonly used in MA and all kinds of transactions. Its a short term loan by usually an institution or high net worth individual to bridge to a transaction, hence bridge loan. Ill give you a real world example of a bridge loan. And that is Facebook, I believe, got a 14 billion dollar bridge loan from a consortium of banks. And when it went public on its IPO, those preys proceeds were used to paid back the bridge loan. Bridge loans are commonly used in MA transactions where a company needs to borrow money short term, usually in less than a year. The company using the bridge loan puts up assets, some collateral buildings, real estate, etc. to borrow that money short term under a year, as I said earlier. And then, in the event of future financing, usually pays off that bridge loan. Now, as a side note, Ive got tons of bridge loan to transactions. In fact, Im presently providing a bridge loan to
