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Discover LudwigThe phrase "loan facility" is correct and usable in written English.
It can generally be used to refer to a bank, financial institution, or other lending organization that offers loans to borrowers. For example: "Sally applied for a loan through the local loan facility to cover the cost of her new car."
Exact(47)
The new £300m loan facility is being provided by Barclays, HSBC and Santander.
It has a £60m loan facility with Barclays and a £15m facility with HBOS.
Johnston Press also revealed that it has agreed a new three-year £393m loan facility.
The banks gave the semi-privatised business a debt loan facility of £1.46bn in July.
The Fed will also maintain a loan facility, on more generous terms, of $60 billion.
Even Goldman Sachs, Wall Street's sole surviving muscleman, sees the loan facility as systemically crucial.
Similar(9)
On Wednesday, the company announced that it has secured a $100 million, seven-year loan facility from Russia's Sberbank.
Its Term Asset-Backed SeventuallyLoan Facouldy eventually could involve up to $1 trillion in purchasing securities backed by credit cards, student loans and other assets.
That program — short for Term Asset Backed Securities Loan Facility — is supposed to stimulate financing for things like credit cards and student loans.
So, the company recently turned to a government program for help raising money: the Term Asset-Backed SecuriTerm Asset-Backedy.
$1.2bn Reef Repair Loan Facility over 5 years to help farmers transition to low-pollution farming methods.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com