A trader has decided to take a loan to expand a manufacturing business. Give two reasons why it is beneficial to borrow from a non- bank...

      

A trader has decided to take a loan to expand a manufacturing business. Give two reasons why it is
beneficial to borrow from a non- bank financial institution

  

Answers


Davis
i. Gives long term loans
ii. Provides finance for capital development/specific projects
iii. Low interest rates
iv. Assist in management of the project.
v. Accept lowers vollateral values
vi. Give a longer grace period
Githiari answered the question on September 22, 2017 at 23:05


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