Loans granted to businesses to cover such expenses as purchasing inventories,paying taxes,and meeting payrolls are known as:

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Loans granted to businesses to cover expenses such as purchasing inventories, paying taxes, and meeting payrolls are known as commercial and industrial loans. Agricultural loans would not cover these types of expenses, and real estate loans are specifically for the purpose of purchasing real estate. Loans to individuals would not be designated for business expenses.

Loans Granted to Businesses to Cover Such Expenses as Purchasing