Lines of credit must be secured by a pledge of inventory,receivables,equipment,or other acceptable assets.
Correct Answer:
Verified
Q9: Term loans are also a substitute for
Q10: To lessen the risks involved in term
Q11: Banks will lend to a startup if
Q12: Time-sales financing is a way for a
Q13: Finance companies have reasonable prepayment penalties.
Q15: Factoring makes it possible for a loan
Q16: Factoring is a cheap method for turning
Q17: Finance companies install measures in their agreements
Q18: Trade creditors sometimes regard factoring as evidence
Q19: Commercial finance companies have less flexible lending
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