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commercial loan – a bank loan granted for the use of a business business loan bank loan – a loan made by a bank; to be repaid with interest on or before a fixed date
Needless to say, all prudent financial norms and due diligence will be followed by PSBs while disbursing loans, the sources said. Awareness camps will be held in these districts to let people know.
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Loan advanced to a business instead of to a consumer. Commercial loans are usually for a short-term (from 30 days to one year), secured (backed by a collateral) or unsecured, and are often advanced for financing equipment, machinery, or inventory.
New Delhi [India], Oct 3 (ANI): Non-banking finance company Paisalo Digital said on Thursday that it has signed a.
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Definition of commercial loan: A short-term renewable loan used to finance a company’s immediate working capital needs.
(3) Loans made under Title I or Title X of the National Housing Act that conform to the definition of construction stated above and that are secured by real estate. Exclude loans to finance construction and land development that are not secured by real estate (report in other items of Schedule RC-C, part I, as appropriate).
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Business Commercial Real Estate Loan interest rate discounts are available to business applicants and co-applicants who are enrolled in the program at the time of application for a new credit facility (excludes specialty lending products that receive customized pricing).
Commercial loan: read the definition of Commercial loan and 8,000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
"Commercial loan" is a fairly broad term, covering revolving lines of credit, as well as long and short-term debt. In any case, a commercial loan is made by a bank and is used to pay for expenses that the business, especially a small business, might not otherwise be able to afford.
This booklet addresses commercial loans, which include working capital advances, term business loans, agricultural credits, and loans to individuals for business purposes. Applicability. This booklet applies to the OCC’s supervision of national banks.