One of the major sources of early financing is
A) family members.
B) commercial banks.
C) business suppliers.
D) asset-based lenders.

Question

Quizplus · Accepted Answer

Family members are often the go-to source of early financing for many entrepreneurs, as they may be more willing to invest in the success of a family member's business than a commercial bank or asset-based lender would be. Additionally, family members may be more understanding and patient if the business experiences early setbacks, and may be willing to extend more flexible repayment terms.

One of the Major Sources of Early Financing Is