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Unformatted text preview: using long-term financing for debt purposes. Short-Term financing is exact opposite of Long-Term in the essence it will be provided for 1 year or less. Financing short-term is used usually for daily needs of a business, such as; to pay wages, to order inventory, and/or for supplies. Companies that experience seasonal peaks are well known to borrow short-term financing. Sources a company would seek short-term financing would be: overdrafts, bills of exchange, inventory loan, letters of credit, and factoring....
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- Spring '09