on-the-spot loan


A preapproved line of credit.

Use on-the-spot loan in a sentence

You may need to get an on-the-spot loan if you are facing a deal that just has to get done right then.

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The banking customer decided to open a personal line of credit so he could get an on-the-spot loan to cover his regular checking account in the event of an overdraft.

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My company asked me to go to our bank to arrange for an on-the-spot loan to ensure that we would be able to make payroll the following morning despite our financial difficulties.

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