which of the following must a business provide to obtain secured short - term financing?\nassets that serve…

which of the following must a business provide to obtain secured short - term financing?\nassets that serve as collateral\ndocuments that show a positive cash flow\nrevenue for the last 3 years\nspending priorities for the funds it is borrowing

which of the following must a business provide to obtain secured short - term financing?\nassets that serve as collateral\ndocuments that show a positive cash flow\nrevenue for the last 3 years\nspending priorities for the funds it is borrowing

Answer

Brief Explanations:

Secured financing requires collateral. Collateral is an asset that a borrower offers to a lender as security for a loan. If the borrower defaults, the lender can seize the collateral. Positive cash - flow documents, 3 - year revenue, and spending priorities are not what define secured financing.

Answer:

A. Assets that serve as collateral