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Finance companies originated in the early 1800s by offering installment credit to retail customers. They grew with the rise of automobile companies in the early 1900s by providing car loans, as banks did not view cars as productive assets. Finance companies provide short- and intermediate-term credit to consumers and small businesses, specializing in this service. They obtain funds from bank loans, commercial paper, deposits, bonds, and capital, and use these funds to offer consumer loans, business loans an

Author

m.bqair

Language

EN