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Topic: |
Business
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Number of pages / Number of words: |
2 / 453 |
Essay's paper body
Witch target entrepreneurs who have been denied the opportunity to own a business because of a social or economic disadvantage.
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A long term loan is a loan that is more than three years. Most are between three and 10 years, and some run for as long as 20 years. Long-term loans are collateralized by a business's assets and typically require quarterly or monthly payments derived from profits or cash flow. These loans usually carry wording that limits the amount of additional financial commitments the business may take on including other debts but also dividends or principals' salaries, and they sometimes require that a certain amount of profit be set-aside to repay the loan...
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