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:
“I do seriously believe that if we can measure among the States the benefits resulting from the preservation of the Union, the rebellious States have the larger share. It destroyed an institution that was their destruction. It opened the way for a commercial life that, if they will only embrace it and face the light, means to them a development that shall rival the best attainments of the greatest of our States.”
—Benjamin Harrison (1833–1901)
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