Project loans are usually used to finance larger, more complex projects that require the infusion of a large amount of capital to complete. Examples of such projects include the construction of a new factory, the purchase of a large piece of equipment, or the overhaul of an organization's existing structure. These types of loans tend to be more expensive than other forms of business financing and may require extensive due diligence to ensure that they accurately reflect the risks associated with the project. The repayment periods for project loans tend to be longer in comparison to other types of loans.