What is a swing loan?
Securing major financing for a business can be a complex affair that requires time and effort. If a company is considering a major merger or purchase there may be a lot of due diligence investigations that mean that the short-term expenses that a business needs to cover with liquid assets may be short.
Answer and Explanation:
A swing loan is a high-interest loan that is offered quickly and usually requiring collateral. A swing loan, or bridge loan, may only be for a short...
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from Accounting 101: Financial AccountingChapter 11 / Lesson 1
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