Commercial loan


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Commercial loan

A short-term loan, typically 90 days, used by a company to finance seasonal working capital needs.

Commercial Loan

A loan made to a business to finance capital expenditures. "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.
References in periodicals archive ?
The typical commercial loan sourced by CHERRY Capital Sourcing Partners, LLC will range from USD 500,000 to USD 5 million dollars.
In the past, China had given commercial loans in the range of 4 percent to 5 percent.
In addition, banks may retain commercial workout officers to assist them in securing the money the bank is owed, making it even more difficult for a company to effectively represent itself during a commercial loan workout litigation.
Currently, active commercial loans as of December will need to be uploaded into the Commercial Credit Bureau platform, while old commercial loans which have already closed will not be required.
On May 15, 2018, three days after the payment was due, the bank where the commercial loan was taken out stated that it put a hold on the money in the estate account for the entire loan that was due.
CADENCE is a commercial portfolio management platform that supports a variety of commercial financing products (including the solution formerly branded as FactorSoft) ranging from factoring to all types of asset-based commercial loans. The CADENCE technology allows borrowers access to the overall credit process through a virtual 24/7 online portal.
Summary: CFC has supported 700 SME clients with commercial loans during 2014
Larry Cooper was promoted to Senior Vice President, Commercial Loan Unit Manager.
Among other things, the bank increased its commercial loans, which CEO Hal Brown said he was particularly pleased with.
Myth: It takes longer to obtain an SBA loan than a conventional commercial loan.
Roger Laflamme has joined First Colebrook as vice president and commercial loan officer.
International Resource News-8 December 2008-Northeast Bank hires commercial loan officer(C)2008 ENPublishing - http://www.enpublishing.co.uk

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