Small business loan installment or revolving quizlet
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This is the most common form of revolving credit.
Revolving credit can be a more dangerous way to borrow than installment credit. . . .
. . Maximum loan: $25,000-$100,000 based on lender. The borrower needs to repay the loan in regular EMIs for a fixed tenure. This type of funding can be either installment or revolving. designed to fund longer term business investments, such as the purchase of equipment or the construction of physical facilities, covering a period longer than one year.
There is a down payment for this type of credit.
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