Organised the loan, in spirit (7)
I believe the answer is:
ethanol
'spirit' is the definition.
(I know that spirit can be written as Ethanol)
'organised the loan' is the wordplay.
'organised' indicates an anagram.
'the'+'loan'='theloan'
'theloan' anagrammed gives 'ETHANOL'.
'in' is the link.
(Other definitions for ethanol that I've seen before include "Alcohol in wine, beer" , "Ethyl alcohol" , "Kind of alcohol found in Athlone" , "constituent for a dram?" , "Intoxicant in wine, spirits, etc" .)