Gap Loan

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Gap Loan

Financing that is needed but unavailable. A common solution to filling a gap is borrowing. See also: Bridge loan.
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July 9, 2015 /PRNewswire-USNewswire/ -- The Illinois Bankers Association has announced that banks throughout Illinois are offering payroll gap loans to their state employee customers in order to provide assistance during the current state budget impasse.
Insurance companies, during their Hollywood period (roughly the early '90s), offered to insure gap loans on films.
Gap loans were originally used to cover (or "bridge") the difference between a construction loan and a permanent loan.
The support for homewners package will include independent financial advice, Homeswap, shared ownership and equity gap loans.
These solutions may have one or many components, such as gap loans between past and current income, short-term hardship loans, consolidation loans, interest-only payments on existing loans, deferring payments, waiving fees, etc.
Aperture offers a full spectrum of standard and customized senior and mezzanine credit products including: bridge loans, finishing funds, gap loans, library advances, print and advertising (P&A) loans, production loans, sales agent advances, tax credit monetization, and ultimates financing.