Loan vs. Loam are easily confused words.
The spell-check application of most word processing software programs would not catch a slip-up of these two words. Spell-check is looking for words that aren’t in its dictionary, and words that resemble words in its dictionary, but are possibly spelled wrong. Spell-check isn’t perfect. It doesn’t know and can’t guess what word you wanted, or what word you meant, it can only judge the words on the page. If you used words that are all spelled correctly, it gives you a pass anyway.
Autocorrect suggests words that start with the same letters. It’s suggesting what word you may want to save time, but quite often, its suggestions are pretty off base. They don’t help you out, but they do make you laugh.
Loan (pronounced “lohn”) is a noun. It means a sum of borrowed money from a friend, family member, or more formally, from a bank.
Loam (pronounced “lohm”) is an adjective. It describes a kind of soil that is the ideal blend–nutrient rich, not too sandy or full of clay.
The following story uses both words correctly:
Lona has dreams of starting a new organic vegetable and herb farm. The land was left to her by a relative, but a soil test revealed it wasn’t highly desired loam soil. She would likely have to get investor help or get a loan to make the improvements needed to get her business off the ground.