Floor Loan
A floor loan sets the minimum amount a lender will advance, commonly in staged financing or construction-lending contexts.
Swingline and special-purpose loans address rapid facility draws, linked cross-border funding, and project-specific advances.
This branch covers several contractual loan structures whose names do not explain their full economics. A swingline loan is a short-term subfacility advance initially funded by a designated lender. A parallel loan links separate loans between parties, while a floor loan funds a defined stage or base amount under its own documents.
Review the legal borrower and lender, facility hierarchy, sublimits, funding sequence, maturity, pricing, security, repayment source, and cross-default terms. Similar labels can describe materially different obligations.
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A floor loan sets the minimum amount a lender will advance, commonly in staged financing or construction-lending contexts.
A parallel loan uses offsetting loans in different currencies or jurisdictions to manage funding, currency, or transfer restrictions.
A swingline loan is a short-term advance funded by a designated lender under a sublimit of a larger revolving credit facility.