Crossword Genius

Made a loan - and didn't go back on it? (8)

Ross

I believe the answer is:

advanced

I'm a little stuck... Click here to teach me more about this clue!

'made a loan' is the definition.
The definition and answer can be both related to change as well as being past participle verbs.
Perhaps you can see a link between them that I don't see?

'didn't go back on it?' is the wordplay.
I cannot really understand how this works, but
'go' could be 'advance' (advancing is a kind of going) and 'advance' is found in the answer.
A single letter 'd' remains which might be clued in a way I don't understand.
This may be the basis of the clue (or it may be nonsense).

'and' acts as a link.

Can you help me to learn more?

(Other definitions for advanced that I've seen before include "Far on; complex" , "promoted" , "Submitted" , "Lent - ahead in development" , "At a higher level" .)

I've seen this clue in The Globe and Mail.
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