A common form of debt for a small business can be classified as ________.

Question

Quizplus · Accepted Answer

All of these options (loans, credit cards, and supplier credit) are common forms of debt for small businesses. Loans can come from banks or other financial institutions, credit cards can be used for business expenses, and supplier credit is when a business receives inventory or materials from a supplier and is given time (usually 30-60 days) to pay for them.

A Common Form of Debt for a Small Business Can