Temporary financing can help cover an immediate need while you arrange long-term funding.
A payment is due Friday, but the money you’re expecting won’t arrive until the end of the month. For example, a property may become available, and you may need to act before regular financing can be arranged. Situations like these are where short-term lending may make sense.
This type of loan fills a temporary gap. It gives you access to funds for a few days or weeks. You repay it with money you expect to receive elsewhere. You may also hear it called gap lending, bridge financing, or interim financing.
People seek temporary funding for many different reasons. One borrower may need to close on a property quickly. Another may be waiting for a larger loan to be finalized. Someone else might have a project expense they can’t push back. In each case, the need is specific, and there’s a plan for what happens next.
Through our Second Chance Realized program, we provide short-term lending in Forsyth County, North Carolina. Most loans range from $5,000 to $70,000 and last from 5 to 45 days. We may consider a larger loan or a longer term based on the circumstances.
Before moving forward with your short-term loan, we’ll need to understand how much you’d like to borrow, why you need the money, and when you expect to repay the funds. Those details help us determine whether your request fits our program.
If you’re facing a financial gap, contact our team at C and J Appraisal Company, LLC and explain what’s going on. We’ll review your request, go over the terms, and explain what information we need. Our short-term lending program could give you the time needed to put longer-term funding in place.
At C and J Appraisal Company, LLC, we offer short-term lending services for those in the Triad, as well as throughout Raleigh, Mecklenburg County, Stokes County, Davidson County, Alamance County, Randolph County, Rockingham County, Forsyth County, and Guilford County, North Carolina.