Memo123
Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Why do business / companies need to borrow money? What are the ways they usually do to borrow?

Sagot :

HolmesNWatson
Businesses need to borrow money, often so that they are able to survive as a business. If a business needs to purchase a premises, there is a chance that they will take out a mortgage on it, which is a loan. They may also borrow money in order to keep surviving as a business. Businesses can borrow money from the bank, or from another larger organisation. If it is a smaller business, the business owner may borrow money from their smiley members. Hope this was able to help :)
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.