A takeout loan is a method of financing whereby a loan that is procured later is used to replace the initial loan. More specifically, a takeout loan, or takeout financing, is long - term financing that the lender promises to provide at a particular date or when particular criteria for completion of a project are met.<br>

A takeout loan is a method of financing whereby a loan that is procured later is used to replace the initial loan. More specifically, a takeout loan, or takeout financing, is long - term financing that the lender promises to provide at a particular date or when particular criteria for completion of 

takeout loan

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