A project loan granted on its own merits and which does not have a sponsor to guarantee the loan is known as a project loan granted on:

Question

Quizplus · Accepted Answer

A project loan granted on a nonrecourse basis means that the lender does not have recourse to any other assets or collateral beyond the specific project itself in the event of a default by the borrower. Therefore, there is no need for a sponsor to guarantee the loan. This type of loan is typically only granted to projects with strong financial and operational feasibility.

A Project Loan Granted on Its Own Merits and Which