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Why do firms need to borrow money?

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Why do firms need to borrow money?

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  1. The same reason anyone needs to borrow money.

    They don't have the cash to make purchases or pay off other debts.

    Includes everything from acquiring another company to paying employee salaries.


  2. They need to raise capital to do whatever they want to do with their business.

    Not really sure how you want your question answered.
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