Limited access

Upgrade to access all content for this subject

Suppose a business desires to obtain a loan.

Which of the following is NOT a reason for an interest rate that is above average in the market?

A

Loan request is for a short term not a long term.

B

The loan request is small in size.

C

The business is seeking the loan from a small town lender.

D

It is a new business seeking the loan.

E

The borrower has a poor credit history.

Select an assignment template