What type of loan helps a business to finance a capital project until regular financing becomes available?
A) consignment financing
B) evolving financing
C) self-liquidating financing
D) interim financing

Question

Quizplus · Accepted Answer

Interim financing is a type of loan used to finance a capital project until permanent or long-term financing can be arranged. It helps businesses manage the gap between the initiation of a project and the securing of regular financing.

What Type of Loan Helps a Business to Finance a Capital