Suppose that, as a small business, you decide to buy a new copying machine. Since you cannot afford to pay cash, you finance the machine over 12 months. The copy machine itself will serve as loan collateral. The major source of credit is a(n)
investment company.
sales finance company.
venture capital firm.
consumer finance company.
factoring company.

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The Answer of Suppose that, as a small business, you decide to buy a new copying machine. Since you cannot afford to pay cash, you finance the machine over 12 months. The copy machine itself will serve as loan collateral. The major source of credit is a(n)
investment company.
sales finance company.
venture capital firm.
consumer finance company.
factoring company.

Suppose That, as a Small Business, You Decide to Buy