Short Term Funding
Must be for business purposes
- Pay out Tax debt
- Funds for investment
- Deposit for another Property
- Working capital
- Pay out legal action like a Judgement
- Complete work on a building project allowing for a sale or refinance
- You must have the following
- A Business purpose use for funds
- Clearly defined exit strategy
- IE: Ability to repay loan in defined time by sale of property or refinance
- Generally from 1 month up to 2 years.
- Interest is usually pre paid.