A bridge loan can help bridge the gap between investments with a short term loan, until a long term solution is available.
When The Bank Says “No”
Factoring has been practiced for centuries. The Romans sold promissory notes at a discount as did the Phoenicians. The word factor comes from Latin, the language of Rome. It means to do or to make. The Pilgrims journeys to America were financed by advances from a Factor who provided the funds to pay for the journey. The Pilgrims repaid the money with earnings from America. Factoring to this day is an extremely common business practice in Europe whereas many American bu…