A participation loan is a type of loan wherein multiple lenders come together to fund a single loan. This type of loan is often used in large-scale projects or real estate investments. However, there are other terms that can refer to a participation loan. For instance, some may refer to it as a syndicated loan, which denotes the collaboration between lenders. Another synonym could be a joint loan, which implies that the lenders have an equal share in the loan. Additionally, some may use the term shared loan or collaborative loan to refer to a participation loan since multiple parties are involved in the funding process. Regardless of which term is used, participation loans are a popular tool used in various financing scenarios.