private lending
noun[U]
FINANCEukuslendingby apersonor anorganizationtopeoplewho are havingdifficultygettingloans, usually at ahigherrateofinterestthan abankwouldcharge:
aprivatelendingagency/company
lendingby aprivateorganization, not agovernment:
Thesubprimemortgageswereissuedbyprivatelendinginstitutions, not bygovernmentagencies.