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Bank Loan

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Bank Loan
The extension of money from a bank to another party with the agreement that the money will be repaid. Nearly all bank loans are made at interest, meaning borrowers pay a certain percentage of the principal amount to the lender as compensation for borrowing. Most loans also have a maturity date, by which time the borrower must have repaid the loan. A bank loan occasionally is called a bank advance. See also: Loan.


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It is much easier and faster to get a merchant cash advance than it is to get a bank loan Bank loans require loads of documentation, proofs, guarantees, and most importantly, time; and time is perhaps the most valuable resource in today''s cutthroat competitive environment It is much easier and faster to get a merchant cash advance than it is to get a bank loan.
Though the charges of merchant cash advance providers are higher compared to bank loans, the gap has been considerably lessened by the increase in bank loan rates.
This however does not indicate towards a general and overall improvement in the bank loan situation as the major part of this increase related to a loan granted for one project that is Rabigh independent electric power station.
 
 
 
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