small loan company
- noun
:
empresa de préstamos pequeños
- I found a small loan company that helped me with my expenses.
Examples
-
The small loan company requested detailed information about his employment history.
-
Many small loan companies charge higher interest rates due to increased risk.
-
She turned to a small loan company after her bank denied her application for a personal loan.
-
Many small loan companies offer flexible repayment plans.
-
Many people turn to a small loan company when they need quick cash for unexpected expenses.
-
A small loan company can help those with poor credit histories obtain the funds they need.
-
She applied for a loan at a small loan company because her bank denied her request.
Synonyms
118
2.5
A person or company that gives money to someone and asks for it back later
5
3.5
A business that lends money to people or small businesses
4
3.7
A bank or company that gives money to people and businesses to pay back
1
3.7
A business that lends money to people who cannot get loans from banks
1
7.1
A small bank that gives loans and sometimes holds savings but usually not checking accounts
A shop that gives money when people leave things until they pay it back
How Big
∞
1.0
- Specialized
1
3.7
- Specialized
1
3.6
Surface Forms
Morphology
The phrase is a straightforward noun compound: 'small' (amount/size) + 'loan' (borrowed amount) + 'company' (business), so its meaning — a company that provides relatively small loans — is directly compositional from the parts. This is a common and predictable combination in English (and has clear parallels in other languages), so a B1 learner who knows the constituent words should be able to infer the meaning.
Etymology
Small loan company comes from small shops or offices that gave quick, small loans of cash to people banks would not serve. Because they made tiny, fast loans to those left out, the phrase now means 'a company that lends small amounts, often to people who cannot get bank loans and sometimes at higher interest'.