Multiple Choice
Janis Reardon is in the process of launching a craft shop.Her biggest supplier,Lothrop's Craft Supply,agrees to sell her the inventory she needs to stock her store on a delayed payment schedule.Janis is using what type of financing?
A) Line of credit
B) Floor planning
C) Trade credit
D) Asset-based borrowing
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Approximately 75% of SBA-guaranteed loans go to
Q18: _ is (are)a method of financing frequently
Q19: SBICs must invest at least _ percent
Q20: What is an asset-based lender? What are
Q21: _ is designed to provide working capital
Q23: _ is (are)an asset-based financing technique.<br>A)Discounted installment
Q24: A(n)_ is a hybrid between a conventional
Q25: SBICs:<br>A)were chartered by the SBA to help
Q26: Which form of financing works especially well
Q27: Small Business Investment Companies (SBICs)provide both debt