A hybrid of the installment loan is the Blank______, by which funds are advanced to the company for 30 to 90 days.Multiple choice question.straight commercial loanreal estate loaninventory loanaccounts receivable loan
Question
A hybrid of the installment loan is the Blank______, by which funds are advanced to the company for 30 to 90 days.Multiple choice question.straight commercial loanreal estate loaninventory loanaccounts receivable loan
Solution
The answer is "accounts receivable loan". This type of loan is a hybrid of the installment loan where funds are advanced to the company for 30 to 90 days.
Similar Questions
An accurate statement about installment loans is that these Blank______.Multiple choice question.loans are usually for more than 1 yearshort-term funds are inadequate when seasonal financing is neededshort-term funds are frequently used to cover working capital needs for a period of timeloans require a major collateral
Installment loans can be obtained by a venture Blank______.Multiple choice question.that is funded solely by crowd fundingwith a strong creditworthy partner such as the governmentthat uses funds only from family and friendswith a track record of sales and profits
When the business itself does not have the assets to support a loan, the entrepreneur may need a(n) Blank______.Multiple choice question.accounts receivable loancharacter loanreal estate loaninventory loan
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Multiple Choice QuestionA short-term loan that is approved before the money is actually needed is a(n):Multiple choice question.unconditional fund.line of credit.emergency fund.personal loan.
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