A business is approved for a Line of Credit (LOC) from ABC Bank for $100,000. The business uses the full amount to purchase a large piece of equipment for the business. The security provided for the LOC was the business's commercially zoned warehouses valued at $1.2m. Their minimum loan repayments would be: a. No loan repayments are required on a business LOC as it is secured by high value commercial property b. The business's repayments would need to be the Interest Only amount chargeable by the lender plus any monthly fees c. The business would only need to pay the monthly lender fees on the LOC which are typically higher than other loan types d. The business could defer any repayments until after the business had earned sufficient revenue from the new equipment e. No repayments are required because the LOC facility is just like an overdraft facility