"Traditional lending" refers to the traditional way of borrowing money from banks or financial institutions, where individuals or businesses apply for a loan, and if approved, they receive a lump sum of money that has to be repaid over a specified period of time with interest.
Full definition
Synonyms for individual words can be found below.
«traditional»
«lending»
Phrases with «traditional lending»
Sentences with «traditional lending»
- We work very hard to assist borrowers who can not qualify for title loans with traditional lending institutions. (800loanmart.com)
- If you don't have prior experience, you'll likely find it difficult to obtain funding from traditional lending sources. (monsterpiggybank.com)
- For many years, people could not easily finance their company car purchases with traditional lending institutions like banks and credit unions. (ifsautoloans.com)
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