Business finance homework For your discussion this week you will need to visit t
ID: 454778 • Letter: B
Question
Business finance homework
For your discussion this week you will need to visit the website of a local bank in your area. Research the bank's options for short-term business financing and discuss the following:
What bank did you select and what are the terms of its small business loans and lines of credit?
Does it offer other commercial financing options?
If you were going to open a small business, how would you go about financing it based on what you've learned?
Remember to be specific! Then provide thoughts and feedback on one other student's post. How were your thoughts and ideas similar or different? Is there any new information that you can share with them or a resource that you can route them to?
Explanation / Answer
Bank of America
Business loan
If you're a business owner looking to purchase inventory and materials, refinance debt or finance account receivables, a Bank of America business loan may be a good option for you.
Line of credit
If you’re a business owner in requirement of open-ended access to credit for ongoing needs such as seasonal working capital or inventory management, a business line of credit might be the solution for managing your cash flow.
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