industrial loan company

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Related to industrial loan company: industrial bank
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  • noun

Synonyms for industrial loan company

a finance company that makes small loans to industrial workers

References in periodicals archive ?
(stating Wal-Mart applied to obtain Utah charter and industrial loan company).
(24) When Dodd-Frank's moratorium expires in 2013, Congress should permit Wal-Mart to utilize an Industrial Loan Company (ILC) (25) as long as the retailer and the ILC maintain an arm's-length relationship that is monitored by an FDIC equipped with the authority to enforce current banking laws more strictly.
Southern State's history dates to 1959, when it was founded as an industrial loan company, according to Donald Walsh, the Malvern bank's president and CEO.
WaI-Mart has applied to open an industrial loan company to handle the processing of electronic payments.
Their goal: to dispel the cloud over the entire financial industry after the February 1983 bankruptcy of Manoa Finance, the industrial loan company that left 7,000 depositors clamoring for more than $45 million in frozen funds.
An industrial loan company can be owned and controlled by a corporation that has businesses other than banking.
Wal-Mart has applied to open an industrial loan company to handle electronic payment processing.
San Francisco-based SoFi had applied to the state of Utah for an industrial loan company (ILC) charter.
If the firm receives the license, it will become the first company to receive a new industrial loan company (ILC) charter in a decade.
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