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Wewaii [24]
3 years ago
15

Describe the difference between a business loan other types of loans?

Social Studies
1 answer:
timama [110]3 years ago
8 0

The terms of a commercial loan are generally shorter and include a higher interest rate than those of a consumer loan. Some commercial loans will also have a calling feature in which the bank can repay the loan due at a specific time. If this happens, the company must pay the full outstanding loan amount.

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