Industrial Loan Company (Noun)
Meaning
A finance company that makes small loans to industrial workers.
Classification
Nouns denoting groupings of people or objects.
Examples
- The Industrial Loan Company provided financial assistance to thousands of workers in the manufacturing sector.
- By partnering with the Industrial Loan Company, the factory was able to offer its employees affordable loans with low interest rates.
- Industrial Loan Company branches were set up in areas with high concentrations of factory workers to make loans more accessible.
- Many industrial workers relied on the Industrial Loan Company to cover unexpected expenses and bridge financial gaps.
- The Industrial Loan Company's model of lending to industrial workers was replicated by other finance companies in the region.