An organization without a bank charter that advances funds to businesses is called a (n):

Name: An organization without a bank charter that advances funds to businesses is called a (n):
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Question

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A commercial financing company is an organization that specializes in providing various forms of financing to businesses, such as loans, lines of credit, and equipment financing. Unlike banks, they do not have a bank charter, and therefore operate without being subject to the same regulations and restrictions as banks.

An Organization Without a Bank Charter That Advances Funds to Businesses