Project Loan
What is a Project Loan?
A project loan is a type of financing provided by banks or financial institutions to fund large-scale projects, such as infrastructure development, industrial ventures, construction, or business expansions. This loan covers the entire cost of the project, including land, equipment, labour, and other expenses.
Project loans are usually long-term and are repaid in installments based on the project’s cash flow or milestones. The repayment schedule and loan amount depend on the project’s viability and financial projections.
These loans help businesses and developers undertake significant projects without needing to arrange the full capital upfront.