Sentences with phrase «gap loan»

He sat on the Board of Directors for the South Carolina Aquarium from 2010 - 2015, and acts as past chair of the Local Development Corporation — a privately funded micro-lending agency that provides gap loans to small local businesses.

Between credit cards, student loans, car payments and a gap loan, the couple had racked up more than $ 127,000 in debt, but struggled to make a dent in paying it off.

In this case, the startup might apply for and use the gap loan until the equity financing comes through.

In this case, the startup might apply for and use the gap loan until the equity financing comes through.

Also known as a gap loan or «repeat financing,» a bridge loan is an excellent option if you're purchasing a home before selling your previous residence.

The idea behind payday loan businesses is to provide short - term stop - gap loans to working customers when an unexpected expense arises between paychecks.

Both bridge loans and gap loans have their unique place in real estate financing.

The bridge loan and the gap loan are both paid off upon sale of the property.

The investor obtains a gap loan, in a second lien position behind the bridge loan, and uses the funds from the gap loan to repair the property.

The borrower also used the funds from the gap loan to make the repairs to the property.

Similar to mezzanine debt, a gap loan is so - called because it «gaps» the difference between the borrower's primary loan and the borrower's available cash on hand.

Bodily Injury Liability; Property Damage Liability; Medical Payments; Comprehensive; Uninsured / Underinsured Bodily Injury; Collision; Gap Loan / Lease Payoff; Pet Injury; Rental Reimbursement; Roadside Assistance or Towing; Custom Parts & Equipment Value; Coverage for Teen Drivers; Ridesharing Coverage; Personal Injury Protection; Umbrella; Mechanical Breakdown; Vanishing Deductible; Accident Forgiveness; New Car Replacement; Property Protection.

These are often known as bridge loans or gap loans.