: Acquiring specific machinery or real estate when a standard loan doesn't cover the full cost. Alternative Contexts
: These loans are usually 2nd lien or subordinated, meaning the primary bank is paid back first in the event of a default. Common Uses : company loan
If "piece" refers to a specific type of loan structure rather than the "stretch piece" term: : Acquiring specific machinery or real estate when
: Funding new projects or acquisitions that exceed current credit lines. company loan
: You may be referring to a loan secured against a specific "piece" of property or equipment.
: A high-risk structure where interest is paid with additional debt "pieces" (securities) rather than cash.
