Asked by Yoselin Ramirez on Jun 08, 2024
Verified
What is the primary source of debt capital for existing businesses?
A) Commercial banks
B) Government programs
C) Non-financial companies
D) Brokerage firms
Debt Capital
Funds borrowed by an entity that must be repaid over time, typically with interest.
- Acquire knowledge about the range of funding solutions for enterprises.
Verified Answer
SD
Shy-ra DarvilleJun 11, 2024
Final Answer :
A
Explanation :
Commercial banks are the primary source of debt capital for existing businesses. They provide loans and credit lines for various purposes, such as working capital, expansions, and acquisitions. Government programs, non-financial companies, and brokerage firms may also offer debt capital, but they are not typically the primary source for existing businesses.
Learning Objectives
- Acquire knowledge about the range of funding solutions for enterprises.