Question

Illustrate with examples the role of loan in business.
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Answer 1

Answer:

Loan helps small businesses to expand their business and to introduce capital. ... Loan helps businessman to buy new machines and plants. Loans help in purchasing inventory.

Answer 2

Explanation:

Loan helps small businesses to expand their business and to introduce capital. Loan helps businessman to buy new machines and plants. Loans help in purchasing inventory. Loans help in increasing working capital.

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