Perfectcompare.com

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Contact

Address:
3270 Briercliff Road
New York NY 10013
NY
United States
Phone number:
516-558-8121

Location on map

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Company description

In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity. A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.

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