Swingline Loan

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DEFINITION of 'Swingline Loan'

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

INVESTOPEDIA EXPLAINS '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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    An agreement between a lender and a borrower whereby the lender ...
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    An arrangement between a financial institution, usually a bank, ...
RELATED FAQS
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  2. What are typical forms of long-term debt for a public company?

    Public companies fund their operational needs and capital expenditures with equity or debt. Most often, companies choose ... Read Full Answer >>
  3. What is the difference between subordinated debt and senior debt?

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  4. How would a standby letter of credit be used during an export transaction?

    A standby letter of credit is typically used to provide a bank guarantee of payment for an exporter in the event that an ... Read Full Answer >>
  5. What are some reasons banks deny applications for checking accounts?

    Consumers and businesses use credit to finance major purchases or emergency expenses that exceed regular cash flow. Credit ... Read Full Answer >>
  6. What is the relationship between national interest rates and the amount of revolving ...

    National interest rates and the amount of revolving credit issued have a negative relationship. Interest rates rise due to ... Read Full Answer >>
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