Tag Archives: payday loans with no credit check or teletrack

Senior Bank Loan

What is a ‘Senior Bank Loan’

A senior bank loan is a debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower’s assets above all other debt obligations. The loan is considered senior to all other claims against the borrower, which means that in the event of a bankruptcy the senior bank loan is the very first to be repaid before all other interested parties receive repayment. Read more