what is a swingline loan 
a swingline loan is a short term loan made by financial institutions that provides businesses with access to funds to cover debt commitments a swingline loan can be a sub limit of an existing credit facility or a syndicated credit line which is financing offered by a group of lenders swingline loans typically have short operating durations that can range from five to 15 days on average 1swingline loans are helpful to companies since they provide much needed cash relatively quickly however swingline loans often carry higher interest rates than traditional lines of credit and the funds are limited to covering debt obligations 