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swingline loan

A large cash loan given to a business in order to help it with its other debts. This is similar to a line of credit in that it is a quick way for a company to acquire a needed amount of cash, although different in that it is specifically used for paying off other debts or loans.

Related information about swingline loan:
  1. Swingline Loan Definition | Investopedia
    A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.
     
  2. Swingline Loan - Financial Dictionary - The Free Dictionary
    A large loan that a company may take out in order to repay other debts. A swingline loan is much like a line of credit or a demand loan, but differs in that it must ...
     
  3. PLC - Note: Swingline Loan
    This is a typical form of swingline loan promissory note for a syndicated loan agreement that has a swingline loan sub-facility. This Standard Document has ...
     
  4. swingline loan
    USA A swingline facility is a sub limit of a syndicated revolving credit loan whereby a lender makes a short term (operating not more than five days) loan, ...
     
  5. What is swingline loan? definition and meaning
    Definition of swingline loan: A large cash loan given to a business in order to help it with its other debts. This is similar to a line of credit in that it is a quick way for ...
     
  6. Deals & Facilities - Loan Syndications and Trading Association
    back to the banks at any time; they would then convert the Swingline loan into a regular loan under the revolver whereby each bank would fund its pro rata share ...
     
  7. Swingline Loan: Definition from Answers.com
    Swingline Loan A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.
     
  8. swingLine Loan definition conforming Loan definition - YouTube
    Sep 3, 2010 ... According to a recent eminent research, while Britons do a pretty good job of managing their money, most of them need occasional but instant ...