Term
In bridging finance, 'term' means the length of time you intend on borrowing money from a lender. Bridging loans are a form of short-term finance, so on average, a term may last 6-9 months, but not longer than 12 months.
In certain circumstances, you may acquire 18-month bridging loans, but this is relatively rare due to the higher interest rates of bridging finance.
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