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Business, 20.03.2020 21:07 cwsmith8026

The financial manager of Carolina Graphics negotiated a with her bank that allows Carolina to borrow up to $50,000 without collateral. This arrangement eliminates the need to renegotiate the terms of the loan and complete new paperwork each time Carolina borrows money. The preapproved short-term loan agreement is contingent upon the bank having the funds available.

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