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Chapter 18 the book discusses Secured Loans that Commercial Banks lend to small businesses. As we know, this type of loan is backed by collateral
Chapter 18 the book discusses Secured Loans that Commercial Banks lend to small businesses. As we know, this type of loan is backed by collateral such as property. To make improvements on your toy store "Mother Gooses Toy Chest" you have to take this type of loan out. What type of collateral will you be providing to the bank to back the loan? Cite examples and please explain the reason why you would do this
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