In the case of personal finance, borrowing is most often a personal loan, credit card debt, an auto loan, a home equity loan, or a mortgage. Pawn shop loans, payday loans, and loans from 401(k) plans are also possible.
Businesses usually establish a strong relationship with a local bank, who works with them to arrange whatever financing they need. Business have similar borrowing opportunities as do individuals, but in addition corporations can borrow by issuing bonds.
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- Auto loan
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- Payday loan
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