👉 Prefinancing, also known as loan financing, is a form of borrowing where the borrower uses their own funds to finance the purchase or construction of property, equipment, or other assets. This type of financing involves borrowing from someone else (the lender) with the understanding that they will be repaid in the future through regular payments.
Prefinancing typically involves several steps:
1.
Requesting Credit:
The borrower contacts a lender to request a loan.
2.
Negotiating Conditions:
Outrageously Funny Search Suggestion Engine :: Prefinancing
What is the definition of Prefinancing? 🙋
