private lender Meaning in the Cambridge English Dictionary

Meaning of “private lender” in the English Dictionary

"private lender" in Business English

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private lendernoun [C]

uk   us   FINANCE
a ​person or ​organization that ​lendsmoney to ​people who are having difficulty getting ​loans, usually at a ​higherrate than a ​bank would ​charge: Many ​people are ​turning to ​smallprivatelenders when the ​bankturns them down for a ​loan.
a ​private, not a ​government, ​organization that ​lendsmoney: The Federal Housing ​Administration does not make ​loans; it ​providesmortgageinsurance to borrowers through a ​network of ​privatelenders.
(Definition of private lender from the Cambridge Business English Dictionary © Cambridge University Press)
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“private lender” in Business English

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