Entrepreneur Wally Wilton wants to build a colossal amusement park for kids of all ages.Wilton will need $48 million to get the first phase of "Wally World" into operation.Which of the following is the type of loan best suited for Wally?
A)An asset-based loan,based on inventory or accounts receivable
B)A mortgage loan from an insurance company
C)A credit union loan
D)A MESBIC loan

Question

Quizplus · Accepted Answer

A mortgage loan from an insurance company is often used for large, long-term projects like building an amusement park. Insurance companies can provide substantial loans with favorable terms for projects that require significant capital, like "Wally World."

Entrepreneur Wally Wilton Wants to Build a Colossal Amusement Park