What is Stand-alone and Gap Financing?
SLF funds are not intended to be used as stand-alone loans, or sole funding; theyre designed for gap financing. Gap financing covers the gap between what a lender will lend you and what you need to complete your business project. For example: If you secure 80%-90% of your project costs, the remaining 10%-20% is considered gap financing. In certain circumstances, it is not uncommon to see more than 2 participating lenders. Our revolving loans are not designed by law to compete with the banks and other financial institutions.
