2. 职称英语
  3. Well over half of all bank commercial loans are made for a short term, that

Well over half of all bank commercial loans are made for a short term, that

游客2025-06-20  31
问题     Well over half of all bank commercial loans are made for a short term, that is, for period of less than one year. Of these loans, about half are made on an unsecured basis to seasonal businesses and to borrowers with short-lived and project-oriented needs for funds. Secured short-term borrowers typically are less strong financially or are untested businesses without an earnings record. The most common type of short-term loan is the working capital line of credit extended to financially strong borrowers who have seasonal swings in their operations. Retailers and seasonal manufacturing firms are regular users of such credit. Through the line-of-credit commitment, a bank indicates its intention to honor borrowings up to the amount of the line. The amount is established on the basis of the customer’s proforma peak funding requirement, and it assures the borrower of the availability of funds to finance bulges in working capital as sales expand and contract. The line of credit facility is very flexible and overcomes the need to extend a series of separate short-term loans. The customer "takes down" only parts of the line as the need arises, so that redundant borrowings are unnecessary. Loan interest is charged on only the amount actually borrowed, and the loan may be repaid as reflows of cash to the firm occur when seasonal sales decline.  [br] In quite a few instances, line-of-credit borrowing is unsecured.
选项 A、Right
B、Wrong
C、Doesn’t say
答案 C
解析 文中第二句仅说Of these loans，about half are made on an unsecured basis to seasonal businesses and to borrowers with short-lived and project-oriented needs for funds.但并没有指出贷款额度没有保证，更没有举出例子说明。
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