The terms of a commercial loan are generally shorter and include a higher interest rate than those of a consumer loan. Some commercial loans will also have a calling feature in which the bank can repay the loan due at a specific time. If this happens, the company must pay the full outstanding loan amount.
Well, they needed to pay off their national debt after the Revolutionary War, and a national bank was a perfect solution since they could invest within the people's money to open more banks and pay them back with the profits they earn and pay off all debts! c:
Answer:
stop being so judgmental and getting along with our differences.