– Industrial loan means a loan made by a person who is a licensee acting under the terms of the iowa industrial loan law. An industrial loan qualifies as a consumer loan subject to the iowa consumer credit Code if the borrower is a person other than an organization; the debt is incurred for.
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Pennsylvania Industrial Development Authority Overview. The PIDA provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities.
Program Description. The purpose of the Business & Industrial (B&I) Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities.
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Industrial loan companies and industrial banks (collectively, ILCs) are FDIC-supervised financial institutions whose distinct features include the fact that they can be owned by commercial firms that are not regulated by a federal banking agency. 1 Some observers question whether current arrangements for overseeing the relationship between an ILC and its parent would provide sufficient safeguards if more extensive mixing of banking and commerce were permitted. This article describes the FDIC.
Definition of industrial loan company in the Definitions.net dictionary. Meaning of industrial loan company. What does industrial loan company mean? Information and translations of industrial loan company in the most comprehensive dictionary definitions resource on the web.
An industrial loan company (ILC) or industrial bank is a financial institution in the United States that lends money, and may be owned by non-financial institutions. They provide niche financial services nationwide. ILCs offer FDIC -insured deposits and are subject to FDIC and state regulator oversight.
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