A short-term loan that provides funding until a longer-term loan can be secured is called a(n)

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A bridge loan is specifically designed to provide temporary funding until a longer-term loan can be secured. This type of loan is commonly used by real estate investors who need financing to purchase a property but have not yet secured permanent financing. Bridge loans are typically short-term and have higher interest rates and fees compared to traditional loans.

A Short-Term Loan That Provides Funding Until a Longer-Term Loan