Business loans available from commercial banks with terms generally five to twelve years and secured or unsecured are called which of the following?

Question

Quizplus · Accepted Answer

Commercial banks offer term loans with flexible repayment periods of five to twelve years. These loans can be secured or unsecured and provide funding for businesses' long-term needs. Collateral loans are specifically secured by the borrower's assets, mortgage loans are used for property purchases, and lines of credit provide access to funds as needed.

Business Loans Available from Commercial Banks with Terms Generally Five