establish a loan

USAGE SUMMARY

The phrase "establish a loan" is correct and usable in written English.
You can use it when referring to the process of creating or initiating a loan agreement between a lender and a borrower. Example: "To finance the new project, we need to establish a loan with the bank."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

A Treasury spokeswoman, Michele A. Davis, said that the department was not required to establish a loan modification program.

The New York Times

The convention passed a resolution in favour of the idea (along with one calling on the provincial treasury to establish a loan department, an idea that came to fruition fifteen years later with the creation of Alberta Treasury Branches), against the stiff opposition of Attorney-General Brownlee.

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

With money raised through the Christmas appeal, Farm Africa will establish a loan-guarantee fund at the local Barclays bank.

The Guardian

Herman Miller, a furniture maker based in Zeeland, Mich., established a loan program in 1995 for the company's top 150 managers.

The New York Times

Forward-thinking families might consider establishing a loan pool, a concept that was new to me until I heard about it this week.

The New York Times

So the group approached things differently, setting up a partnership with the East Biloxi Coordination, Relief and Redevelopment Agency, with which it established a loan fund that the agency will administer over the next 10 years.

The New York Times

Prime Minister Wen Jiabao pledged to grant African countries $10 billion in low-interest development loans over the next three years, to establish a $1 billion loan program for small and medium-size businesses, and to forgive the remaining debt on certain interest-free loans that China previously granted less-developed African nations.

The New York Times

After her death The Catholic University of America used a bequest of $700,000 from her estate to endow a chair and establish a student loan fund in the education department.

Encyclopedia Britannica

But until Mr. Paulson promises to establish a widespread loan modification program, Congress is unlikely to give him the second half of a $700 billion rescue fund he is seeking to undergird the economy.

The New York Times

"I am delighted to announce the Scottish government will establish a £2m loan fund to support the long-term development of production infrastructure for commercial film and television in Scotland".

BBC

Since a majority of small enterprises lack finance, the government should establish a friendly small loaning system.

Journal of Global Entrepreneurship Research

Expert writing Tips

Best practice

When writing about financial initiatives, use "establish a loan" to emphasize the creation of a new lending opportunity or structure. For example, a government might "establish a loan" program to support small businesses.

Common error

Avoid using "establish a loan" when simply referring to obtaining a loan. Use "secure a loan" or "get a loan" instead to emphasize the act of receiving the funds.

Linguistic Context

The phrase "establish a loan" functions as a verb phrase indicating the action of creating or initiating a loan agreement. This construction aligns with Ludwig AI's assessment, which deems it correct and usable in written English. The examples in Ludwig demonstrate the phrase's use in contexts involving financial arrangements.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Wiki

20%

Science

20%

Less common in

Formal & Business

0%

Encyclopedias

0%

Academia

0%

Ludwig's WRAP-UP

In summary, "establish a loan" is a grammatically sound phrase used to describe the creation or initiation of a loan agreement. Ludwig AI confirms its correctness and usability. While not extremely common, it appears in various contexts, particularly in news, media, and financial discussions. Related phrases include "secure a loan" and "arrange a loan", which offer similar meanings with slight differences in nuance. When writing, remember to use "establish a loan" when emphasizing the creation of a new lending opportunity and avoid it when simply referring to obtaining a loan.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

secure a loan

Focuses on the act of obtaining the loan, rather than the process of setting it up.

arrange a loan

Emphasizes the planning and organization involved in setting up the loan.

set up a loan

A more informal way of saying "establish a loan".

create a loan agreement

Highlights the legal documentation aspect of the loan process.

initiate a loan

Focuses on the starting point of the loan process.

organize a loan

Similar to arrange, but may also refer to gather the monetary resources for a loan.

develop a loan program

Implies creating a structured program for providing loans, often in a specific context.

formulate a loan

Stresses the detailed planning and structure of the loan.

provide a loan

Shifts the focus to the act of giving the loan.

implement a loan

Highlights the execution and putting into effect of the loan.

FAQs

How can I use "establish a loan" in a sentence?

Use "establish a loan" when referring to the process of setting up or creating a loan agreement. For example, "The bank will "establish a loan" for the new business owner."

What can I say instead of "establish a loan"?

You can use alternatives like "secure a loan", "arrange a loan", or "set up a loan" depending on the context.

Which is correct, "establish a loan" or "take out a loan"?

"Establish a loan" refers to the process of creating or providing a loan, often from the lender's perspective. "Take out a loan", on the other hand, refers to the borrower receiving the loan. They describe different sides of the same transaction.

What's the difference between "establish a loan program" and "offer loans"?

"Establish a loan program" implies setting up a structured system or initiative for lending, while "offer loans" simply means making loans available. A program has defined rules and procedures.