Definition of commercial loan: A short-term renewable loan used to finance a company’s immediate working capital needs.
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Definition of COMMERCIAL LOAN: A loan given to a business not a customer. They are short term and given for needs of the company. Did you find this definition of COMMERCIAL LOAN helpful? You can share it by copying the code below and adding it to your blog or web page.
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A commercial loan is a debt-based funding arrangement that a business can set up with a financial institution, as opposed to an individual. They are most often used for short-term funding needs.
Definition of COMMERCIAL LOAN in the Definitions.net dictionary. Definitions for COMMERCIAL LOAN COMMERCIAL LOAN. Here are all the possible meanings and translations of the word COMMERCIAL LOAN.
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.
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"When starting a company, consider an SBA-guaranteed loan. Under this program, the U.S. Small Business Administration (SBA) guarantees a portion of a loan, often up to 85 percent, and enables a small business owner to qualify for attractive interest rates and financing options.