Finance company

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Finance company

A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank.

Consumer Finance Company

A non-bank lender. A consumer finance company does not receive deposits, but does make loans to customers for business or personal use. It derives its profits from the interest on these loans. It is also called simply a finance company.

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References in periodicals archive ?

Carlson continued, "The captive auto finance companies are supporting sales for the manufacturers, and dealers continue to work with independent auto finance companies to find the right loans for their customers, particularly in the non-prime space.

Equifax Reports Auto Loan and Lease Balances Top $1 Trillion

The Issue: If the insured declares bankruptcy, premium finance companies may have to return some of these payments to the debtor.

Let's be clear: a Delaware court gives a significant win to premium finance firms caught in confusing bankruptcy rulings

Among the nondepository institutions, finance companies are the most commonly used, accounting for about one in ten of all financial institutions used.

Banking markets and the use of financial services by households

HH: In the past year we have welcomed three new input finance companies and are just adding two new equipment manufacturer programs in summer 2006.

Providing customer financing

On the other, banks and finance companies are reluctant to accept a large part of their receivables as collateral.

Receivables financing as a source of working capital

The report cites the data mainly from China Automotive Industry Association, and the official websites of automotive finance companies.

Research and Markets: China Automotive Finance Industry Report - In November 2009 Ten Automotive Finance Companies Have Been Set up in China

10 /PRNewswire/ -- In the report, Rating Guidelines for Commercial Finance Companies, released today, Fitch Investors Service guides readers through its approach to identifying and assessing the factors that impact the credit strength of a commercial finance company.

Fitch Releases Rating Guidelines For Commercial Finance Commercial - Fitch Financial Wire -

The top six premium finance companies represent roughly two-thirds of the total premium finance market; the top 10 premium financiers represent about 80% of the market, he said.

Insurance assurance: premium financing provides both a safety net for insureds and client service for agents and brokers

Small businesses can now use assets as collateral for business loans, from both banks and commercial finance companies.

What bankers want to know before granting a small business loan

Furthermore, Capri Capital's relationship with CharterMac is very attractive to us, as it will provide us with access to one of the most sophisticated real estate finance companies in the nation.

Capri Capital Advisors, LLC Acquires Trilogy Capital Advisors, LLC; Portion of Transaction to be financed by CharterMac

Through its purchase of contracts, the company provides indirect financing to car dealer customers with limited credit histories, low incomes or past credit problems, who generally would not be expected to qualify for financing provided by banks or by automobile manufacturers' captive finance companies.

New $150 Million Warehouse Credit Facility for Consumer Portfolio Services, Inc

This unique network will enable agents to quickly find the right financing terms across the vast number of finance companies and options available.

AMS Services Launches Industry Leading Premium Finance Network; Acquires FinancePro, Leading Provider of Web-Based Premium Finance Solutions