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A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time

User Mariama
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Answer: Line of credit

Step-by-step explanation:

The line of credit is one of the facility of the credit that is specifically provided by the bank and the other finance institute to the company and the government.

The main purpose of the line of credit is that it basically allow the borrowing process at the time of customer funds requirement.

According to the given question, the line of credit is one of the type of agreement where the small business borrow the needed amount from the bank or any institute. Therefore, Line of credit is the correct answer.

User Gad D Lord
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