commercial and industrial (C&I) loan Definition | Business Dictionaries from
Facebook Twitter Google+ You Tube RSS Feed
data-override-format="true" data-page-url = "">

Business Glossary


Business Definition for: commercial and industrial (C&I) loan
commercial and industrial (C&I) loan

loan to a corporation, commercial enterprise, or joint venture, as opposed to a loan to a consumer. C&I loans can be a source of working capital, or used to finance the purchase of manufacturing plants and equipment. These loans are generally short-term, are secured by collateral pledged by the borrower or can be fully unsecured, and usually are made at flexible rates. Generally, the rate is pegged to the bank prime rate : or money market rate, such as the London Interbank Offered Rate (LIBOR) . Many lenders also require borrowers to file periodic financial statements, usually annually, and meet other conditions, such as maintaining proper insurance on the loan collateral.

See also continuation statement , covenant , demand loan , corporate resolution , term loan , time loan , security agreement , financing statement , security interest
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.


Weekly Roundup

Sign up for our weekly Experts roundup, delivered to your inbox each Saturday morning.

Most Recent From our Experts

AllBusiness Experts

AllBusiness Greatest Hits


Real Business Owners, Real Business Advice!

Sign up for practical, real-world solutions from successful business owners delivered to your inbox each Saturday morning. FREE.