Loan; progress (7)
I believe the answer is:
advance
This clue is a double definition.
'loan' is the first definition.
(advancing is a kind of loaning)
'progress' is the second definition.
(synonyms)
(Other definitions for advance that I've seen before include "Forward - loan - make progress" , "Proceed" , "Go ahead - make a loan" , "Loan; promotion" , "Early" .)