1.It does not call for securities in acquiring it an as such it is a flexible source of finance.
2.this finance is a long-term finance and as such it can be used to acquire fixed assets which are very essential for the company’s profitability
3.It is useful under conditions where the company cannot raise finance due to the amount involved i,e if it is substantial.
sharon kalunda answered the question on April 16, 2019 at 14:27
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