What is the meaning of SWING LOAN?

SWING LOAN is a short-term loan designed to bridge the borrower's finances between two events. For example, a person who buys a new home in April but cannot sell her old home until June may require a swing loan to carry both homes for the interim period until the old home may be sold and the proceeds used to pay out the swing loan. Also known as "bridge financing".

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APABarry Goldsmith. (2010). swing loan. Retrieved September 24, 2026, from http://smartdefine.org/swing_loan/definitions/1164671
ChicagoBarry Goldsmith. 2010. "swing loan" http://smartdefine.org/swing_loan/definitions/1164671 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, swing loan, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/swing_loan/definitions/1164671>.
MLABarry Goldsmith. "swing loan" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/swing_loan/definitions/1164671>