Which of these is the type of loan where the firm would receive the funds as soon as the bank approved the loan?
A) loan commitment agreements
B) spot loans
C) take-down loans
D) back-end loans

Question

Quizplus · Accepted Answer

Spot loans are the type of loan where the borrower would receive the funds as soon as the bank approves the loan. Loan commitment agreements refer to an agreement where the bank commits to lending a specific amount of money for a certain period. Take-down loans and back-end loans are not commonly used terms in finance.

Which of These Is the Type of Loan Where the Firm