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A bank may give a loan to a construction company to help the business fund projects or purchase materials and equipment. The loan can also be used to cover operating expenses, pay wages, and provide capital for expansion. Banks typically consider factors such as the construction company's financialRead more
A bank may give a loan to a construction company to help the business fund projects or purchase materials and equipment. The loan can also be used to cover operating expenses, pay wages, and provide capital for expansion.
Banks typically consider factors such as the construction company’s financial stability, credit history, and potential for future profitability when deciding whether to provide a loan.
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