question archive Khabib McGregory, a small business customer approaches your bank for finance to purchase some hi-tech equipment for his manufacturing unit
Khabib McGregory, a small business customer approaches your bank for finance to purchase some hi-tech equipment for his manufacturing unit
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Khabib McGregory, a small business customer approaches your bank for finance to purchase some hi-tech equipment for his manufacturing unit. Would you rather give him a term loan or an overdraft? Evaluate this option you have chosen. Explain five main differences between loans and overdraft facilities, and use these to explain your answer.
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