commercial loan Antonyms
No Synonyms and anytonyms found
Meaning of commercial loan
Wordnet
commercial loan (n)
a bank loan granted for the use of a business
commercial loan Sentence Examples
- A commercial loan is a financial product designed to support business activities and expansion.
- Many entrepreneurs rely on commercial loans to finance startup costs and operational expenses.
- Commercial loans often have higher interest rates compared to personal loans due to the increased risk associated with business ventures.
- Banks and financial institutions assess the creditworthiness of businesses before approving commercial loans.
- Collateral, such as real estate or equipment, may be required to secure a commercial loan.
- Commercial loans can be used for various purposes, including purchasing inventory, acquiring equipment, or expanding facilities.
- Repayment terms for commercial loans typically range from several months to several years, depending on the amount borrowed and the financial stability of the business.
- Small businesses often turn to government-backed programs to access commercial loans with favorable terms and lower interest rates.
- Defaulting on a commercial loan can have serious consequences, including the seizure of assets used as collateral.
- Proper financial planning and management are essential for businesses to successfully utilize commercial loans and avoid financial strain.
FAQs About the word commercial loan
a bank loan granted for the use of a business
No synonyms found.
No antonyms found.
A commercial loan is a financial product designed to support business activities and expansion.
Many entrepreneurs rely on commercial loans to finance startup costs and operational expenses.
Commercial loans often have higher interest rates compared to personal loans due to the increased risk associated with business ventures.
Banks and financial institutions assess the creditworthiness of businesses before approving commercial loans.
