loan funds
Money to repay
Loan funds are money set aside or pooled specifically for lending purposes.
Banks maintain loan funds to issue mortgages and business loans.
Nonprofit organizations and government agencies operate loan funds to serve populations that traditional lenders might overlook: The community development loan fund helps small businesses in underserved neighborhoods.
In personal finance, to loan funds is simply to lend money.
- borrowObtain for temporary use
- lenderOne who loans money
- mortgageSecured home loan
- down paymentInitial sum toward purchase
- creditRecognition or payment deferral
credit score · debt · debt consolidation · principal · interest · interest rate · repayment · monthly payment · grace period · collateral · bank · line of credit · capital · advance · financing · disbursement · installment · underwriting