Long-term loans (10 or more years) require collateral but are generally available as an option to new businesses.

Name: Long-term loans (10 or more years) require collateral but are generally available as an option to new businesses.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Long-term loans often require collateral, but new businesses may find it challenging to secure such loans due to lack of credit history and perceived higher risk by lenders.

Long-Term Loans (10 or More Years) Require Collateral but Are