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19 January, 10:46

Describe the difference between a business loan other types of loans?

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  1. 19 January, 11:02
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    The terms of a commercial loan are generally shorter and include a higher interest rate than those of a consumer loan. Some commercial loans will also have a calling feature in which the bank can repay the loan due at a specific time. If this happens, the company must pay the full outstanding loan amount.
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