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participation loan

   Also found in: Medical, Legal, Financial, Wikipedia 0.01 sec.
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Noun1.participation loan - a loan that is shared by a group of banks that join to make a loan too big for any one of them aloneparticipation loan - a loan that is shared by a group of banks that join to make a loan too big for any one of them alone
loan - the temporary provision of money (usually at interest)


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[ILLUSTRATION OMITTED] SAN DIEGO -- REALTORS Federal Credit Union President/CEO Tom Glatt made it clear he's in the market for participation loans, saying NCUA restrictions on his brand new credit union will keep him from meeting his board's aggressive one-year growth goals.
The State of New York Mortgage Agency (SONYMA) is providing critical mortgage insurance for the pension funds, and the New York City Department of Housing Preservation and Development will also be supporting the initiative through its Participation Loan Program (PLP).
ADED's Small Business Loan Program can provide up to one-half of the amount of participation loans offered approved community lenders.
 
 
 
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