A company has applied for a loan to buy some new machinery for its factory....
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Finance
A company has applied for a loan to buy some new machinery for its factory. These machines have an expected operational life of about 4 years. From the list below, what loan facility is most appropriate in this case?
a.
An increased overdraft
b.
A temporary overdraft increase.
c.
A term loan for four years.
d.
A personal loan.
e.
A mortgage loan secured by the borrowers home.
f.
A revolving credit facility.
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