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Unformatted text preview: Companys that are in need of money must choose the short term sources that best fit their needs. Trade credits however are one of the cheapest sources to obtain although might not be enough to meet the needs of the company. If the company needs a bit of a longer time to repay the money but still under the one year mark than the best option for that company would be a bank loan. The downside from getting the bank loan is that interest rates are much higher. Picking the right short term financing source all depends on what exactly the company is looking for....
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- Spring '09