The loans of commercial finance companies to small businesses: tend to be for le

ID: 434312 • Letter: T

Question

The loans of commercial finance companies to small businesses:

tend to be for less than a commercial bank but at a lower interest rate.

are offered based on the company's balance sheet.

tend to be at a lower interest rate but are harder to get.

are in many of the same forms as commercial bank offers.

tend to be for less than a commercial bank but at a lower interest rate.

are offered based on the company's balance sheet.

tend to be at a lower interest rate but are harder to get.

are in many of the same forms as commercial bank offers.

Answer:

The loans of commercial finance companies to small businesses

D) are in many of the same forms as commercial bank offers.

But the only problem is that commercial banks offer loans at higher interest rates than these companies.

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