swingline loan


A large cash loan given to a business in order to help it with its other debts. This is similar to a line of credit in that it is a quick way for a company to acquire a needed amount of cash, although different in that it is specifically used for paying off other debts or loans.

Use swingline loan in a sentence

You should try and figure out a way to get a swingline loan if you are need in some cash very quickly.

​ Was this Helpful? YES  NO 4 people found this helpful.

They got a swingline loan and the purpose of it was to help them with other kinds of loans and things like that.

​ Was this Helpful? YES  NO 2 people found this helpful.

Because 4th quarter sales were soft, the young company had to get a swingline loan to pay off some of it's creditors.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
swing trading Swiss Exchange (SWX)