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Which term is defined as the money you owe to a person business or institution that extended loan to you?
debt
Can you loan money to your LLC?
Yes, as the owner of an LLC, you can loan money to your business entity. However, it is important to document the loan with a formal agreement to protect both yourself and the business.
What term refers to a person business or institution that extended a loan to you?
The word you want is lender.
What is continuous loan?
A continuous loan is one which has no predefined end date. The loan is constantly being paid into, extended, and changed based on the needs of the consumer or business.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
Which term is defined as the money you owe to a person business or institution that extended loan to you?
debt
Which term is defined as the money you owe to a person business or institution that extended a loan to you?
debt
What terms refer to the person business or institution that extended a loan to you?
The "lender".
Can you loan money to your LLC?
Yes, as the owner of an LLC, you can loan money to your business entity. However, it is important to document the loan with a formal agreement to protect both yourself and the business.
What term refers to a person business or institution that extended a loan to you?
The word you want is lender.
Where do businesses get money from?
They get a small business loan.
What is continuous loan?
A continuous loan is one which has no predefined end date. The loan is constantly being paid into, extended, and changed based on the needs of the consumer or business.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
How does tax hinder business'?
they borrow money and take it as a loan
What term refers to the person business and or institution that extended a loan to you?
The term that refers to the person, business, or institution that extended a loan to you is "lender." Lenders can include banks, credit unions, or private individuals that provide funds to borrowers, typically with the expectation of repayment with interest over a specified period.
A loan extended to a person by a lender is called?
A loan extended to a person is called credit.
