The Post article had quoted an economist as saying that the 33,000 job estimate for Ford appeared to be the result of "fuzzy math". Ford spokeswoman Meghan Keck was quoted as saying that the loan provided flexibility in manufacturing that was key to "helping retain" the jobs.
Private loans lack the flexibility of federal loans, and generally their repayment and forgiveness options aren't as advantageous.
"It takes the pressure off the general fund". The interim loan provides more flexibility for the water department in case the bond sale, which would be the largest municipal bond issue ever, is delayed, Angelides said.
They have flexible terms: Though you'll need to provide the bank with specific plans for your project, construction loans offer much more flexibility in terms of loan terms and guidelines than traditional loans do.
Private loans lack that flexibility, and they often carry interest rates that can reach double digits.
The board has been given wide latitude to decide which airlines get loans, and that flexibility gives it the power to reshape the industry.
Because private loans offer little flexibility, borrowers in bad straits have few options except default, which makes it difficult for them to get jobs or credit, or even to rent apartments.
One of the harsh realities for us as borrowers is that although federal student loans have more flexibility than a lot of kinds of debt do, they don't take cost of living into account or people who have extraordinary expenses like high medical bills.
"I am not running away from debt, I am purely protecting those dearest to me and getting out of a country which, due to the lack of structured bankruptcy laws and a banking system which has zero flexibility on loan repayments, drives people to make horrible decisions," Mr. Ford wrote.
"And many home loan organisations allow repayment flexibility for a prolonged period after illness.
The key difference between a line of credit and a traditional bank loan is in the flexibility of repayment terms.
