"Loan closing" refers to the final stage of the loan process when all the necessary paperwork is completed and the funds are transferred to the borrower.
I often hear potential home buyer comment that they thought they had saved enough for a down payment, only to be blind sided with mortgage loan closing costs. (mnrealestatedaily.com)
On a limited, 50 % is paid out to contractor 5 days after loan closing. (onqfinancial.com)
$ 400 credit will be paid at loan closing. (northpointe.com)