Definition:
Lending to businesses who do not qualify for "prime" rates, those rates reserved for borrowers with virtually blemish-free credit histories. Subprime lending is usually one to six points over the prime rate.
Related Terms:
Business Valuation
Commercial Lending
Loan
Related Information:
Financing Your Small Business
Related Books:
Finding Money: The Small Business Guide to Financing
How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan
More Books about Financing a Small Business
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