| Mini Perm | |
 Short-term financing used to pay off income-producing construction or commercial properties, usually payable in three to five years. |
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 In this case, "perm" is short for "permanent", alluding to permanent financing. Mini perm financing is something a developer would use until a project has been completed and can therefore start producing income. In other words, a developer will use this type of financing prior to being able to access long-term financing or permanent financing solutions. |
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 When Companies Borrow Money - Here we explain how to evaluate whether a company's debt will pose a threat to investors. Do Your Investments Have Short-Term Health? - Read up on some ratios that test whether a company is strong enough to survive tough times. |
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