retail lender

Definition

Financial institution that offers loans to individuals rather than businesses. Retail lenders include banks, credit unions and mortgage companies.

Use retail lender in a sentence

In order to buy a new car, most people must turn to a retail lender in order to finance their purchase with a loan.

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I went to a retail lender to open a line of credit separate from the one I have thru another lender for my business loans.

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The retail lender extended the loan offer to the small business owner who had recently completed the application to expand his business.

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