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.