Definition of loan facility in English:
loan facility
nounPlural loan facilities
A credit arrangement through which a person or organization can borrow money up to an agreed sum.
it is not the practice of this bank to grant loan facilities
Example sentencesExamples
- Even where such loan facilities were to be available, the cost of borrowing is so exorbitant that most small-scale operators cannot afford it.
- You'll have to take out a loan facility in order to finance your purchase.
- It is necessary to negotiate a soft loan facility to sustain capital programmes.
- It was agreed that he would charge the property to enable a £50,000 loan facility to be made available to his nephew.
- The company will secure additional funds from a loan facility that will be used to refinance approximately $14.4 million in secured debt.
- A credit union set up later to provide savings and loan facilities became a separate legal entity.
- He said the bank was also offering an attractive loan facility, which he said was on high demand.
- The extra service expected would lead to lengthening delays for smaller schemes, often funded by a loan facility.
- The bank would not say whether it would have to extend the loan facility again until the new finances are properly in place.
- We know from bitter experience how difficult it is for some people to access loan facilities to enable them to give substance to their entrepreneurial talents.