Bridge funding - What is bridge funding?

Bridge Funding which we mostly also know by the name of private funding.The names of both are different but their meaning and functions are the same.It is usually a short-term loan that is taken by any company or business to meet its immediate needs. Private lenders provide this loan for a period of 3 months to a maximum of 4 months.Its rate of interest is much higher as compared to other normal loan services by banks,NBFCs.Usually this loan is given against postdated checks.This is a service to be used in an emergency. If someone else needs money quickly like any company,business man,brand or organization with good annual turnover, then through private funding or in other words, bridge funding he can borrow a huge amount immediately.