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The word loan is confused in more than one way. Please note that there are multiple groups on this page.

loan what is lent; to lend
borrow to use temporarily with consent of the owner
lend to allow to use temporarily

Examples  

The interest on a short term loan is negligible compared to a long term note.
The bank loaned him $3000 for 90 days.1
Friends, Romans, countrymen, lend me your ears.
Do not borrow money from a friend.
loan something borrowed; to give for temporary use
lone single

Examples  

The cost of a loan is high these days.
Never loan your car to anyone to whom you have given birth, says Erma Bombeck.2
The lone worker wondered why no one else was sweating.
2some people object to loan as a verb, but it has been around since the time of Henry VIII; the reason for this bias is unknown.