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Although advertised as short-term borrowing, costs very quickly add up if a borrower extends a loan or misses a payment.
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An undisclosed company which had extended a loan to the businessman David Hughes had instructed Mishcon to discover his assets.
In their mind they have the option of choosing not to extend a loan, when they see the costs.
OVER a year has passed since the euro zone's "men in black" descended on Madrid to extend a loan to bail out the country's troubled lenders.
Project Nina was idled after Fisker failed to meet production targets for the Karma set by the Department of Energy, which extended a loan to the company.
His bank would not have been able to extend a loan, because it had closed, and his savings in it were gone.
They extend a loan that has turned bad and pretend that it is not bad and give good money after bad money.
But the absence of credit poses a practical obstacle to their reorganization through bankruptcy proceedings: Who wants to extend a loan to companies with such shaky prospects?
The N.J.S.O. was still $4 million short, but at the last moment Axelrod agreed to pocket the $14 million and extend a loan for the outstanding balance.
It cannot afford to pour more money down a black hole: extending a loan without having properly sown up a reform programme would be politically disastrous for the IMF.
It cannot afford to pour more money down a black hole: extending a loan without having properly sewn up a reform programme would be politically disastrous for the IMF.
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