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A small retail business has requested a loan to pay for increased inventory due to expansion of the business. From the list below, what loan
A small retail business has requested a loan to pay for increased inventory due to expansion of the business. From the list below, what loan facility is most appropriate in this case?
a.
A term loan for six years.
b.
An overdraft limit increase.
c.
A mortgage loan secured by the borrowers home.
d.
A credit card limit increase.
e.
A personal loan.
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