nonbank; nonbank financial institution
Refers to financial institutions that provide banking services (such as lending) but do not hold a full banking license, e.g., consumer finance companies, credit card companies, leasing firms.
Borrowing from nonbanks often comes with higher interest rates than from banks.
This nonbank mainly provides loans to small and medium-sized enterprises.
It's not unusual for small and medium-sized businesses to receive financing from nonbank institutions.
I used a nonbank lender to cover a sudden expense.