What does commercial credit company mean?
Definitions for commercial credit company
com·mer·cial cred·it com·pa·ny
This dictionary definitions page includes all the possible meanings, example usage and translations of the word commercial credit company.
Princeton's WordNet
commercial finance company, commercial credit companynoun
a finance company that makes loans to manufacturers and wholesalers
Wikipedia
commercial credit company
OneMain Holdings, Inc. is an American financial services holding company headquartered in Evansville, Indiana, with central offices throughout the United States. The company wholly owns OneMain Finance Corporation and its subsidiaries, through which it operates in the consumer finance and insurance industries as OneMain Financial. Its business primarily focuses on providing personal loans and optional insurance products to customers with limited access to traditional lenders, such as banks and credit card companies. OneMain's roots stretch back to 1912 when it was founded by Alexander E. Duncan as Commercial Credit Company in Baltimore, Maryland. Through a series of mergers and acquisitions, Commercial Credit Company eventually became a subsidiary of Citigroup and was known as CitiFinancial. After the 2008 financial crisis, Citigroup reorganized its business, with the company regarding CitiFinancial as a noncore business that it renamed to OneMain Financial and sought to sell. Meanwhile, Interstate Finance Corporation was founded in Evansville in 1920 and experienced its own series of mergers and acquisitions until it became American General Finance, the consumer finance subsidiary of AIG. In November 2010, Fortress Investment Group purchased a majority stake in American General Finance and renamed it to Springleaf Financial the following year. In November 2015, Springleaf Financial acquired OneMain Financial, with OneMain becoming the surviving brand. As of December 2020, OneMain had approximately 1,500 branch offices in 44 states. A group of entities managed by affiliates of Apollo Global Management, Inc. and Värde Partners, Inc. currently owns 28.1% of the company.
ChatGPT
commercial credit company
A commercial credit company is a financial institution that provides loans and other credit facilities to businesses. These companies aim to finance business operations, expansions and investments by offering various credit services such as business loans, credit lines, equipment leasing, asset-based financing, and factoring services. The creditworthiness of a business, its financial stability, and its potential profitability are usually considered by commercial credit companies before extending credit.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of commercial credit company in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of commercial credit company in Pythagorean Numerology is: 4
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"commercial credit company." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/commercial+credit+company>.
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