'Cleaning up' a line of credit means paying the line down to zero and holding a zero balance for one or two months.
Correct Answer:
Verified
Q2: Unlike equity investors,banks place very little weight
Q8: Owners of creditworthy companies with excellent records
Q11: Banks will lend to a startup if
Q12: The primary reason banks are lower-risk lenders
Q13: Finance companies have reasonable prepayment penalties.
Q14: Term lenders stress the entrepreneurial and managerial
Q14: Lines of credit must be secured by
Q15: Finance companies install measure in their agreements
Q18: In hard times,banks have been known to
Q21: What business frequently lends money to companies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents