Jill Hansom borrowed $40,000 from a credit union to start a company that makes and sells peach salsa.Hansom used _____ financing.

Name: Jill Hansom borrowed $40,000 from a credit union to start a company that makes and sells peach salsa.Hansom used _____ financing.
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Question

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Jill Hansom borrowed money to start her company, which means she is obligated to repay the borrowed amount. This is characteristic of debt financing, where funds are raised through loans that must be repaid with interest.

Jill Hansom Borrowed $40,000 from a Credit Union to Start