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finance company
(redirected from finance companies)

    Also found in: Dictionary/thesaurus, Financial 0.01 sec.

finance company

Specialized financial institution that supplies credit for the purchase of consumer goods and services. Finance companies purchase unpaid customer accounts at a discount from merchants and collect payments due from customers. They also grant small loans directly to consumers at a relatively high rate of interest.
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Recently some car finance companies have come up and they are providing car loans to people who possess bad credit scores.
Take It Easy with Bad Credit Car Loan by S Moronse / Finance and Investment community
Mike Semanco, President and COO of Hennessey Capital, says the deal is not surprising given the reduction in available credit for finance companies, let alone businesses in general.
Hennessey Capital LLC by Detroiter
And for the most part, DIP financing has only been offered by banks and corporate finance companies to large companies.
A Non Bank Source of DIP Financing by Marco Terry / Business community
 
 
 
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