Twitter is looking for a substantial loan before floating on the stock market.
The Social networkcould be on the stock market within two months and it in talks with Wall Street Banks.
The New York post has reported that Twitter is in talks with JP Morgan Chase and Morgan Stanley, with money for the loan being exchanged by Thanksgiving, when it is rumoured the IPO will take place. It is not obliged to specify its launch date until 21 days before the IPO.
The money from a loan would provide Twitter with more flexibility ahead of the initial public offering. It is reported that the credit line is between $500m and $1bn.
Facebook took out an $8bn financing package before it launched, while social games company Zynga raised about $1bn.
