Activity 5 (Business and Consumer Loan)

Mr. Cruz owns a takoyaki food cart business. He wants to put another food cart on a new mall in the other city. He decided to have a loan to establish the new business.

• Business Loan

• Consumer Loan

Mr and Mrs Craig wants to borrow money from the bank to finance the college education of their son.

• Business Loan

• Consumer Loan

Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for him to buy the equipment and furniture for the barbershop.

• Business Loan

• Consumer Loan

Mr. Alonzo wants to have some improvements on their 10-year old house. He wants to build a new room for their 13-year old daughter. He will borrow some money from the bank to finance this plan.

• Business Loan

• Consumer Loan

Roan has a computer shop. She owns 6 computers. She decided to borrow some money from the bank to buy 10 more computers.

• Business Loan

• Consumer Loan

A _____________is a loan, secured by a collateral, that the borrower is obliged to pay at specified terms.

______________ money lent specifically for a business purpose. It may be used to start a business or to have a business expansion.

______________ money lent to an individual for personal or family purpose.

______________ assets used to secure the loan. It may be real-estate or other investments.

______________a debt provided by one entity (an individual or an organization) to another entity at an agreed interest rate.