Meaning of “private lender” in the English Dictionary

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"private lender" in Business English

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private lendernoun [ C ]

uk us FINANCE

a person or organization that lends money to people who are having difficulty getting loans, usually at a higher rate than a bank would charge:

Many people are turning to small private lenders when the bank turns them down for a loan.

a private, not a government, organization that lends money:

The Federal Housing Administration does not make loans; it provides mortgage insurance to borrowers through a network of private lenders.

(Definition of “private lender” from the Cambridge Business English Dictionary © Cambridge University Press)