Lending refers to the practice of providing money or assets to individuals or organizations with the expectation of repayment, usually with interest. It is a key aspect of the financial system, playing an important role in supporting economic growth and enabling individuals and businesses to access the funds they need to invest, grow, and achieve their goals.
Lending can take many forms, including personal loans, mortgages, auto loans, small business loans, and corporate loans. Each type of lending has its own unique characteristics and is used for different purposes. For example, personal loans are often used for debt consolidation, home improvements, or unexpected expenses, while small business loans are used to finance the growth and expansion of a business.