A small retail business has requested a loan to pay for increased inventory due to...
70.2K
Verified Solution
Link Copied!
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.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
