private lender
noun[C]
FINANCEukusapersonororganizationthatlendsmoneytopeoplewho are havingdifficultygettingloans, usually at ahigherratethan abankwouldcharge:
Manypeopleareturningtosmallprivatelenderswhen thebankturnsthem down for aloan.
aprivate, not agovernment,organizationthatlendsmoney:
The Federal HousingAdministrationdoes not makeloans; itprovidesmortgageinsuranceto borrowers through anetworkofprivatelenders.