The borrower receives a project loan from the lending institution or banks for purposes such as business expansion, reconstruction, and so on. A project loan can also be used to buy fixed assets like buildings, land, and machinery. Existing businesses and industrial companies can use Project Loans to expand their operations, and new businesses can use them as seed or startup capital. Lending institutions may consider applications for short-term loans based on the project’s feasibility. However, projects loans typically come in the middle or long term. The mid- and long-term project loans are available for up to ten years, while the short-term loan is available for one year.