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Guaranteed Loan A pledge to cover the payment of debt or to perform some obligation if the person liable fails to perform. When a third party guarantees a loan, it promises to pay in the event of a default by the borrower. Interim Financing Short-term loan to provide temporary financing until more permanent financing is available. Intermediaries Non- or for-profit institutions that have specialized lending capacities.
They obtain capital in the form of equity and low interest loans from a variety of sources, including foundations and other funders, to form apps for cash advance "lending pool. " They then serve as "wholesalers" who process large numbers of small loans or investments. This "economy of scale" often allows intermediaries to be more efficient than a foundation or funder could be if it considered each investment individually.
Also, intermediaries often develop expertise in a particular apps for cash advance or region that foundations or funders cannot afford to develop. In the context of this study, non-financial intermediaries include community foundations and financial intermediaries include credit unions, venture capital and loan funds, banks, etc.