Industrial loan definition
Industrial loan means a loan made by a person who is a licensee acting under the terms of the Iowa industrial loan law. An industrial loan qualifies as a consumer loan subject to the Iowa Consumer Credit Code if the borrower is a person other than an organization; the debt is incurred for personal, family, or household use; and the amount financed is below the statutory threshold.
Industrial loan means a loan on a property used primarily for industrial purposes;
Industrial loan means loan given for manufasturing purposes.
Examples of Industrial loan in a sentence
If the mezzanine loan is entered into, the debt service on the mezzanine loan is required to mirror the rental payments on the expansion parcel and would be subordinated to ▇▇▇▇ Industrial loan pursuant to an intercreditor agreement with the mezzanine lender.