Interim Loan

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Interim | Definition of Interim by Merriam-Webster – Interim definition is – an intervening time : interval. How to use interim in a sentence. an intervening time : interval. See the full definition. SINCE 1828. Menu. JOIN MWU Gain access to thousands of additional definitions and advanced search features-ad free! JOIN NOW.

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A "bridge loan" is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.

Getting an SRF Loan | Mass.gov – Interim Financing. CWT has interim financing available for SRF borrowers. CWT charges 0% interest on the interim loans, saving the borrowers the interest costs associated with Bond Anticipation Notes. The proceeds of the interim loan are available to the Borrower to pay its consultants and contractors in a timely manner.

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A123 Systems asks for OK of $50 million interim loan from Wanxiang – A123 Systems Inc., the bankrupt maker of electric-car batteries, asked a judge to approve a $50 million loan from Wanxiang America Corp., replacing Johnson Controls Inc. as the lender for its Chapter.