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11-02-2021
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2. Describe the difference between a business loan and other types of loans.

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joshgongid13 joshgongid13

11-02-2021

The terms of a business loan are usually shorter and include a higher interest rate than those of a consumer loan. ... Some business loans will also have a call feature where the bank is allowed to call the loan due at a specific time. If this happens, the business must pay the entire outstanding amount of the loan.

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