Definition of Loan facility:
A credit line that a business can use to finance projects or for other purposes. A loan facility might be extended to a company from a bank if the company is deemed to be creditworthy and seems to have a valid purpose for requesting the facility.
A credit arrangement through which a person or organization can borrow money up to an agreed sum.
How to use Loan facility in a sentence?
- It is not the practice of this bank to grant loan facilities.
Meaning of Loan facility & Loan facility Definition