Respuesta :
Answer:
Mario's Italian Gardens worked with a local bank for a line of credit.
Explanation:
A line of credit is a type of credit facility in which financial institutions, banks or other licensed consumer lenders extend a credit facility to a customer, business or government.
Therefore, a line of credit is a source of funds which can be tapped by the customer in case of an immediate need. Interest needs to be paid on the withdrawn money only.
Therefore, Mario's Italian Gardens worked with a local bank for a line of credit.
Mario's Italian Gardens, an authentic Italian restaurant in suburban Chicago, works with a local bank for a line of credit.
Further Explanation
The bank has a Personal Loan (PL) program. By borrowing through this facility, you do not need to provide assets as collateral to get a business capital loan. There are various benefits that you can get by applying for a business capital loan through this PL program.
Savings and loan cooperatives also provide capital to micro and medium businesses. Customers who have a small business with a ceiling that is not much is better to borrow from cooperatives and the like.
Loans without collateral in the ceiling cooperative is not too high. However, you also have to look at the margin/interest provided. If the interest is high, it will make it difficult for small businesses. As a result of the loan is not worth the higher return.
Business Capital Loans at banks, cooperatives, or online sites do have their respective requirements that you must meet. Also, pay attention to your ability to meet the expectations given by capital owners. Do not let you disappoint the financial institutions.
Learn More
Personal Loan https://brainly.com/question/13062332
Business Capital Loans https://brainly.com/question/13062332
Details
Grade: High School
Subject: Business
Keyword: personal, loan, capital
