Economics · Economy
What is the primary advantage of utilizing a working capital loan for an MSME?
- 1It permanently waives the requirement for any collateral.
- 2It provides flexibility to meet short-term operational expenses.✓
- 3It provides funds to acquire long-term fixed assets.
- 4It offers lower interest rates than long-term loans.
Correct answer
It provides flexibility to meet short-term operational expenses.
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