Summary of Types of Loans

Banks, savings and loans, credit unions, and other lenders make loans to support all areas of economic endeavor—production, consumption, and investment. Commercial, consumer, and real estate loans help businesses and individuals achieve goals and stimulate purchasing. Loans to other local financial institutions and equipment leasing help local businesses operate. Overall, banks, savings and loans, credit unions, and other lenders provide the underpinnings of a healthy economy.