Whilst nearly all lenders offer loans on a commercial basis the term commercial lender has differed meanings around the world.
- In much of the world and especially in the UK, the phrase commercial lender refers to a lender arranging commercial loans especially commercial mortgages. In the UK it is generally taken to refer to a lender who lends to businesses rather than individuals. i.e. a lender to commerce.
- In the US the term refers to a type of Non-conforming loan as described in this article: Commercial lender (US)
Famous quotes containing the word commercial:
“The cultivation of one set of faculties tends to the disuse of others. The loss of one faculty sharpens others; the blind are sensitive in touch. Has not the extreme cultivation of the commercial faculty permitted others as essential to national life, to be blighted by disease?”
—J. Ellen Foster (1840–1910)