Small businesses need financing

Question

Quizplus · Accepted Answer

Small businesses often require financing to get started and to keep operating smoothly. This includes covering initial startup costs as well as ongoing expenses like payroll, rent, inventory, and marketing. Financing can also help reduce the risk of business owners losing their personal funds, which can be especially important for entrepreneurs who may have invested all their savings into their new venture. While having modern offices may be desirable, it is not typically a top priority for small business financing. Supporting price competition may be a consideration, but it is not a primary reason for seeking financing.

Small Businesses Need Financing