См. также: loan to refinance existing debt, loan collateralized with real estate, loans denominated in foreign currencies, loan repayment
Loan proceeds are funds disbursed by a lender, less any origination and processing fees. These funds may be sent directly to the borrower or to an authorized third party who takes custody of the money and applies it to expenses. Borrowers, under the terms of the loan agreement, must repay the loan on the schedule discussed, such as 30 years for a mortgage. (wiseGEEK)
Use of Loan Proceeds. Apply all Loan proceeds towards the purchase of Inventory. (n) Financial Condition Covenant. (Law Insider)
Loan proceeds are the actual cash transferred into your account after loan approval. (Power Finance Texas)
