bridge loan

She also told investigators the president’s brother helped procure “an ill-advised bridge loan” that pushed Americore into bankruptcy after he failed to come through on the promises of large investments from the Middle East.

Instead, Jim Biden helped land a bridge loan for the company, according to court records.

“Our good faith was betrayed over the several months of working with Treasurer Boozer to deliver this bridge loan to the college,” Coleman said.

The Fund has provided Pakistan a bridge loan that should help tide the country over until the January general election.

Morgan Stanley is providing committed financing for the transaction in the form of a bridge loan to fund the cash portion of the deal.