Loan facilitation refers to the process of helping individuals or businesses secure loans from financial institutions. This involves assessing the borrower's needs, gathering necessary documentation, and guiding them through the application process. Loan facilitators often work with banks or credit unions to ensure that borrowers understand their options and can choose the best loan products for their circumstances. In addition to assisting with applications, loan facilitation may include negotiating terms and conditions on behalf of the borrower. This service can be beneficial for those who may find the lending process complex or overwhelming, as it provides expert support to navigate the requirements of lenders like banks or credit unions.