Mr Shima was dispatched to Washington to raise a loan from the World Bank.

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Foundation schools may decide to do building work without getting local authority agreement - but they cannot raise a loan on the buildings and of course it means they have to put right anything that goes wrong.

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If she repays promptly, she can raise a larger loan.

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That leaves room for the realtor to raise a red flag over a hazardous loan, he said.

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To secure a rescue loan package, Nicosia had to find ways to raise 5.8 billion euros so it could qualify for the 10 billion euro bailout package.

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The Garden State has decided to take a bank loan instead of issuing bonds because the later would require more time to raise the necessary amount of cash to pay its bills.

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To finance the deal, Cigna will raise about 20% of the acquisition costs in new equity, use its cash, and rely on a bridge loan provided by its financial advisor, Morgan Stanley.

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