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:
- 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.
- 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 ...
- 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 ...
- 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, ...
- 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 ...
- 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 ...
- 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.
- 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 ...