Dick Dowen needs a loan to buy plants and fertilizer for his nursery for the spring planting season.This loan will automatically be paid off as the plants and fertilizer are sold to his customers.What type of loan does Dick need?

Question

Quizplus · Accepted Answer

Dick Dowen needs a self-liquidating inventory loan as the loan will be paid off from the sales generated by the plants and fertilizer. This type of loan is specifically designed for businesses that need to purchase inventory for a specific season or period and need the loan to be paid off as the inventory is sold.

Dick Dowen Needs a Loan to Buy Plants and Fertilizer