Which of the following is most likely to get an unsecured loan?
A) A retail florist shop with collateral
B) A wholesale grocer with a marginal credit history
C) A lawyer with collateral
D) A large manufacturing firm with an excellent credit rating
E) A farmer

Question

Quizplus · Accepted Answer

Unsecured loans are typically granted based on the borrower's creditworthiness rather than collateral. A large manufacturing firm with an excellent credit rating is most likely to be considered creditworthy and thus eligible for an unsecured loan.

Which of the Following Is Most Likely to Get an Unsecured