loan facility
noun[C]
ukusBANKING,FINANCE
anarrangementwhere apersonororganizationcanborrowmoneyup to aparticularamountif and when they need it:
Theindustrywasgrantedagovernment-backed£410mloanfacilitytopreventit from goingbust.
Therecentincreaseinproductionishelpingthecompanygenerateplenty ofcashfordeals,leavingmuch of a $100mloanfacilityuntouched.