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A company has applied for a loan to buy some new machinery for its factory....

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Finance

A company has applied for a loan to buy some new machinery for its factory. These machines have an expected operational life of about 4 years. From the list below, what loan facility is most appropriate in this case?

a.

An increased overdraft

b.

A temporary overdraft increase.

c.

A term loan for four years.

d.

A personal loan.

e.

A mortgage loan secured by the borrowers home.

f.

A revolving credit facility.

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