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A bridge loan is a type of short-term loan in the financial industry. Bridge loans are typically taken out for a period of 2 weeks to 3 years in order to finance other projects. Uses for bridge loans include real estate purchases, retrieving real estate from foreclosure and business loans for operating capital.

Looking for a large loan amount to purchase or refinance your home?

A loan which is larger (more than $322,700 as of 1/1/03) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.

ALEXANDRIA, Va. (Reuters) - A federal judge on Thursday approved bankrupt US Airways' (UAIRQ.OB: Quote , Profile , Research ) cash finance deal with a federal government board and another arrangement allowing the airline to take delivery of nine regional jets. The Air Transportation Stabilization Board is allowing US Airways to extend its use of cash proceeds from a federal loan through June 30. The No. 7 U.S. airline has said it plans to emerge from bankruptcy by June 30.

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