The phrase "a substantial loan" is correct and usable in written English.
It can be used when referring to a loan that is significant in amount or importance.
Example: "The company secured a substantial loan to expand its operations and invest in new technology."
Alternatives: "a significant loan" or "a considerable loan."
As designed, the complex deal would have helped Revlon pay off a substantial loan that it owed to MacAndrews & Forbes.
He was helped with a substantial loan from his father-in-law, a successful businessman whose daughter, Tana, a Montessori teacher, Mr. Ramsay had married.
When we met, he was in the throes of preparing an appeal to his bank, which had given him a substantial loan to grow string beans for export.
In 1773 the British government gave a substantial loan to the company, but its price was the Regulating Act, passed the same year.
The one surviving letter to Shakespeare, from Richard Quyney, asking for a substantial loan of £30, addresses him as "loving countryman" - in the sense of a fellow native of Warwickshire.
In 2009, Boston Power failed to win a substantial loan guarantee from the U.S. Department of Energy that would have financed a Massachusetts factory the company currently manufactures via Taiwanese partner GP Batteries.
But the average balance of these loans is just $6,323 — which raises an interesting question: Is it fair for the big banks to equate credit card lending with the much more rigorous process of qualifying a business for a more substantial loan with a balance of, say, $100,000 to $1 million?
If you're applying for a more substantial loan, like a medium-term loan, you'll have to come up with 2 years of bank statements and prove that your business keeps a pretty high average balance--about a $2,000, typically.
Patrick Honohan, the governor of the Central Bank of Ireland, said in an interview on the Irish state broadcaster RTE that "we're talking about a very substantial loan for sure" and that such a rescue would be "in the tens of billions" of euros.
All grant assistance awarded by the school also includes a substantial student loan component to meet the full amount of demonstrated financial need.
He accompanied Chaim Weizmann, Israel's first president, to his first meeting with President Truman, and a substantial United States loan to Israel ensued, his family recalled.
