Commercial Credit Company (Noun)
Meaning
A finance company that makes loans to manufacturers and wholesalers.
Classification
Nouns denoting groupings of people or objects.
Examples
- The commercial credit company provided financing for the small business to expand its operations and increase production.
- A commercial credit company focuses on making loans to businesses, not individuals, with a typical term of several months to several years.
- After years of working with local banks, the manufacturer opted to work with a commercial credit company for more flexible loan options.
- Purchasing from the commercial credit company allowed the wholesaler to maintain a steady cash flow during the lean months.
- The commercial credit company offered a line of credit to the distributor, financing up to 90 percent of the inventory purchase.