GEN Bridge Loans for IPO

[Richard Bond <rcbond@xxxxxxxx>]

Forgive a fringe question.  Bridge Loans for IPO situation.

I have been approached about a bridge loan that gives stock and
12%interest for 
a 120 day loan, and lets you buy stock at less than the going rate , and
gives you 
an amount of stock equal to your loan ( restricted for 2 years ) 

Is this the way bridge loans work??
Sounds to good -

Anyone with experience along these lines.?

Thanks
rcb
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