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A small retail business has requested a loan to pay for increased inventory due to...

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Question

Finance

A small retail business has requested a loan to pay for increased inventory due to expansion of the business. From the list below, what loan facility is most appropriate in this case?

a.

A term loan for six years.

b.

A credit card limit increase.

c.

A personal loan.

d.

A mortgage loan secured by the borrowers home.

e.

An overdraft limit increase.

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