Directions: Copy and answer the following statements on a long bond paper. Identify whether the following
illustrates a business loan or a consumer loan. Wite BL if the situation shows business loan and CL if it states
a consumer loan (20 points)
1. Mr. Manzano plans to have a barbershop. He wants to borrow some money from the bank for him to
buy the equipment and furniture for the barbershop
2. Margareth is planning to take up Engineering as her college course. To support her, Mr. And Mrs
Alvar, her parents borrowed money from the bank for her financial needs.
3. Because of his love for our country. Mr Razo always conduct an Independence Day presentation to
his barangay. But because of COVID - 19, he got a problem with his business and need extra money to finance
his advocacy. He realized that he needs to borrow money from the bank to continue his annual Independence
Day activity
4. Mr. Bonifacio wants to have some improvements on their 100 year old ancestral house in Sariaya,
Quezon which was also identified as a historical house in the province He wants to repair the ceiling in
preparation for the rainy season. He will borrow some money from the bank to finance this plan.
5. Mr. Santiago owns the Kakann food cart business. He wants to out another food cart on a new mall
in Tayabas City. He decided to have a loan amounting to P100,000.00 to establish the new business
6. in preparation for the online learning of her children due to the COVID-19 pandemic, Mrs. Castro
decided to buy laptops for them and got an internet connection. But because of short in budget, she needed to
borrow money amounting to P80,000.00 for this school preparation
7. Instead of working as a Manager in a certain company, Mr. De Guzman decided to leave his job and
put up an internet cafe instead. To finance his business, he borrowed money from a Kabayan Bank
8. Because Anna believed that Filipinos are truly honest, she decided to put up an Honesty Bookstore in
front of Excellence National High School. Everyone can get what they need and pay for it without anyone in the
cashler. But before she can own this shop, she borrowed P1,000,000.00 from the bank to finance the expenses
in putting up this bookstore
9. Yzzyr excelled in Science and even won various competitions relative to Applied Science. Ai the back
of her achievements are her supportive parents Before she invented the COVID-19 scanning robot, her parents
need to finance her project with a big amount Because her parents believed in her, they even borrowed money
from the bank just for her to finish her invention.
10. Xandria really loves her family. They supported her in all of her endeavors. As return of gratitude,​