Business Studies, asked by ashajaya3668, 10 months ago

In which mode of working capital financing does the borrower need to repay interest only on the amount used and not on the entire borrowed amount

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Answered by lithigakuppusamy

The loan is usually repaid by the time the company hits its busy season and no longer needs the financing. Missed payments on a working capital loan may hurt the business owner's credit score if the loan is tied to their personal credi

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