Answered

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What types of firms lend to businesses needing capital or long-term funds?


A) Insurance companies


B) Pension and trust services


C) Commercial finance companies


D) Pension funds

Sagot :

Answer:

c

Explanation:

Martebi

There are some Companies that lend money and treat loans. The type of firms lend to businesses needing capital or long-term funds is Commercial finance companies.

  • A financial institution (FI) is known to be a type of company that is involved in the business dealings where financial and monetary transactions such as deposits, loans, investments are made.

Commercial finance company is simply known to be a type of finance institution where loans are made available to manufacturers and wholesalers.

Conclusively, this Commercial finance company gives loans that can be paid back in a longer run to people who want to start up business.

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