All of the following would be generally be considered acceptable commercial loan purposes except:

Question

Quizplus · Accepted Answer

Paying off other bank debts is generally not considered an acceptable purpose for a commercial loan because it does not directly contribute to the growth or operational efficiency of the business. Instead, it shifts the debt from one lender to another without providing tangible benefits like expansion, equipment acquisition, or meeting seasonal cash needs.

All of the Following Would Be Generally Be Considered Acceptable