Question

7. Which type of financing is most appropriate to finance purchase of inventories?
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Answer 1

Answer:

Most commonly, inventory financing functions like a line of credit, but depending on the lender, it can be more like a term loan. Retailers, wholesalers, seasonal businesses and dealerships are the most common types of businesses that use inventory financing.

Explanation:

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Answer 2

Explanation:

Most commonly, inventory financing functions like a line of credit, but depending on the lender, it can be more like a term loan. Retailers, wholesalers, seasonal businesses and dealerships are the most common types of businesses that use inventory financing.

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