extend credit to

Idioms  

1. Also, extend someone credit. Allow a purchase on credit; also, permit someone to owe money. For example, The store is closing your charge account; they won't extend credit to you any more, or The normal procedure is to extend you credit for three months, and after that we charge interest. This idiom uses the verb extend in the sense of “offer” or “provide,” a usage dating from the mid-1500s.

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Example Sentences

However, becoming a bank means it will be able to extend credit to customers via credit cards, overdrafts and mortgages.

From BBC

But in Jim Crow-era Alabama, where the firm began, banks wouldn’t extend credit to the founding Mr. Perryman.

From New York Times

Mainstream banks have been happy to welcome SVB’s deposits, but few may have the appetite to extend credit to businesses that don’t have self-sustaining revenues, says Mark Mason, CEO of Seattle-based HomeStreet Bank.

From Seattle Times

“Because if you’re a supplier and you hear that, you’re no longer going to extend credit to Bath Bath & Beyond — you’re going to insist on cash on delivery.”

From Washington Post

However, central banks could, indirectly, be left on the hook as they act as a lender of last resort, said one person, meaning they could extend credit to banks, who would then lend on to energy companies to cover trades.

From Reuters