Business loans designed to fund long-term business investments,such as the purchase of equipment or the construction of physical facilities,covering a period longer than one year are known as:

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Term loans are specifically designed to fund long-term investments that cover a period of more than one year. These loans are generally used for purchasing equipment, constructing facilities, or other business purposes that require a large amount of upfront capital. Working capital loans, on the other hand, are short-term loans that are designed to cover immediate expenses and address cash flow issues. Interim construction financing is a type of loan that is specifically designed for financing the construction of physical facilities, and durable goods loan is not a recognized term in the context of business financing. Therefore, the best choice is B) term loans.

Business Loans Designed to Fund Long-Term Business Investments,such as the Purchase