Facility (redirected from facilities)

Facility

A term used to describe financial assistance programs offered by lending institutions to help companies requiring capital

Notes:

These financial assistance programs are merely another name for loans taken by companies. Examples of such facilities include swingline loans and lines of credits. Oftentimes you will hear of companies obtaining different credit facilities, as they can vary between committed or uncommitted.

See also: Committed Facility, Line of Credit, Swingline Loan, Uncommitted Facility