One of the mysteries of the English language finally explained.
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’
- ‘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.’
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