Question: QUESTION 6 What is the primary difference between a general operating line of credit and a permanent working capital line of credit? General operating lines

QUESTION 6

What is the primary difference between a general operating line of credit and a permanent working capital line of credit?

General operating lines of credit frequently have a substantial principal balance

Permanent working capital lines of credit frequently have a substantial principal balance outstanding

Permanent working capital lines of credit generally are closed-end or non-revolving

General operating lines of credit usually fund rapidly growing businesses

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