ABC, a start-up enterprise organized as a LLC, took out a $250,000 loan with First Bank. First Bank's loan is classified as ___________financing for the business.

a. Equity
b. Debt
c. Contingent
d. Ancillary

Ans: b. Debt

Business

You might also like to view...

A private ________ is an individual hired by the parties to preside over a trial who is often a retired judge

Fill in the blanks with correct word

Business

Which of the following is NOT true regarding the total payment in an equal payment amortization table?

A) The total payment for any period is equal to the principal plus interest payments for that same period. B) The total payment is calculated using the present value of an annuity formula rearranged to solve for the payment. C) The final total payment will be greater than the beginning principal for the final period, assuming a positive interest rate. D) All of the above are true.

Business