Swingline Loan

What is a 'Swingline Loan'

A swingline loan is a loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.

BREAKING DOWN 'Swingline Loan'

You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to large sums of cash on short notice.

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