Question

6. which loan created a habit where the borrower kept coming back to request an extension? what are some possible explanations for why these loans are popular despite the fact that they create a cycle of debt for many borrowers?

Answer 1

A a result of bridging finance, extension requests is said to be more popular as borrower kept coming back to request an extension.

Why do a lot of businesses still borrow money despite the cost?

The act of borrowing is one that helps to provide businesses with a lot of added expense, which they can use for any investment that can make them to generate a lot of money than the costs it took them to borrow.

And as such, due to the above, there is more improved access or means to working capital that is needed by businesses to take advantage of new opportunities as they are said to arise.

Learn more about borrower  from

brainly.com/question/25599836

#SPJ1