An operating lease is a type of lease in which one party (known as the lessee) rents an asset from another party (called the lessor). During the lease period, the lessor retains ownership of the asset.
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Both secured and unsecured loans are common in the world of business. They’re taken out by businesses of all sizes for a variety of purposes, from paying operational expenses to financing new locations, product development, advertising campaigns and more.
A revolving credit facility, also known as a revolving line of credit, is a line of credit between a bank or other financial institution and a business.
A business overdraft is a form of credit provided by a bank when a business’s account runs out of funds.