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Bridge loan with $1b liquidity in 4 days? Or are bridge loans essentially open lines of credit?
by TedDoesntTalk 3y ago
Bridge loan with $1b liquidity in 4 days? Or are bridge loans essentially open lines of credit?
- vasco 3y agoI used the term bridge loan as a sort of umbrella term that might be technically not the best as my training isn't in finance and I know some of this stuff from exposure by proximity. What I'm referring to sometimes is also called a revolving line of credit, the most famous case was Enron's revolvers for example. The point is big banks will normally allow companies to take out large short term loans for this type of thing, usually having large amounts pre-approved.
- bombcar 3y agoVISA moves .66 billion transactions a day. If each is only a bit over a dollar they move a similar volume. Banks can handle this. But probably not for free.