| 单词 | commercial loan |
| 释义 | commercial loanDefinition Loan advanced to a business instead of to a consumer. Commercial loans are usually for a short-term (from 30 days to one year), secured (backed by a collateral) or unsecured, and are often advanced for financing equipment, machinery, or inventory. Banks usually require the commercial borrowers to submit monthly and annual financial statements, and to maintain insurance cover on the financed item. Use 'commercial loan' in a SentenceIt's risky for a business owner to obtain a short term commercial loan using his or her personal property as collateral. You may want to take out a commercial loan if you think it is the right time to take your shot at hitting it big. Commercial Loans are provided to large or small companies, who will use the funds provided to make purchases, or make payroll and will pay back to the lender over an agreed upon time. |
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