"Loan disbursement" refers to the act of lending money to someone or releasing funds from a loan. It means that the borrowed money is now given to the borrower. Full definition
Higher income from operations on the back of increased loan disbursements for vendor financing, construction equipment, mortgages and consumer durables aided the company's earnings during the quarter. (business-standard.com)
Unsubsidized student loans begin accruing interest from the date of your first loan disbursement, though you're not required to pay that interest until you finish school. (credible.com)
Have received loan disbursement on or after October 1, 2011 (meaning that your loan funds were provided to your school on or after that date) (wisebread.com)