Small Loan Company (Noun)
Meaning
A finance company that makes loans to people who have trouble getting a bank loan.
Classification
Nouns denoting groupings of people or objects.
Examples
- The small loan company on the corner has been helping low-income families with financial assistance for years.
- After being rejected by several banks, she turned to a local small loan company for help with her mortgage payments.
- Many people rely on small loan companies to get them through tough financial times when they cannot secure a loan from a traditional lender.
- The small loan company offered flexible repayment terms and lower interest rates than the larger financial institutions.
- In some neighborhoods, small loan companies are the only option for people who do not have a good credit history or a stable income.