Commercial Loan
/kəˈmɜːrʃəl loʊn/
Definitions
- (n.) A loan granted to a business entity for commercial purposes rather than personal use.
The company secured a commercial loan to expand its manufacturing operations.
Forms
- commercial loan
- commercial loans
Related terms
See also
Commentary
Typically involves specific underwriting standards and may require collateral; important to distinguish from consumer loans in contract terms and regulatory treatment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.