Multiple Choice
Sunny Bright's The Tanning Parlor is in the middle of its busy season.The hiring of extra help,some unexpected repairs on equipment,etc. ,has led to a shortage of operating capital.What type of financing would Sunny most likely use in this situation?
A) Line of credit
B) Floor planning
C) A discounted installment contract
D) An asset-based loan
Correct Answer:

Verified
Correct Answer:
Verified
Q139: The most common method of SBIC financing
Q140: 47% of small business owners rely on
Q141: Three lenders play a role in every
Q142: What are local development companies and the
Q143: Bonds are corporate "IOUs."
Q144: SBICs may lend up to _% of
Q146: Asset-based lenders require:<br>A)government approval.<br>B)state approval.<br>C)credit.<br>D)all of the
Q147: The most common method used by commercial
Q148: A _ is an agreement with a
Q149: The CAPLine Program offers short-term capital to