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Fresh Air Company installs and repairs commercial and residential HVAC systems. It recently acquired inventory from a bankrupt competitor. What is the best type and
Fresh Air Company installs and repairs commercial and residential HVAC systems. It recently acquired inventory from a bankrupt competitor. What is the best type and term of credit to meet this borrowing need?
A.Line of credit with an annual renewal and 30-day cleanup period. B.Long-term loan with repayment over several years. C.One-year loan to be repaid as the inventory is sold and accounts receivable are collected.
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