The owner of a rapidly growing small business needs to talk to a lender for additional financing.Which document would increase the company's credibility?
A)control standards
B)human resource guidelines
C)strategic plan
D)All of the above would be needed.

Question

Quizplus · Accepted Answer

A strategic plan would be the most helpful document in increasing the company's credibility when looking for additional financing. This document outlines the company's goals and objectives, as well as its plans for achieving them. It shows the lender that the business owner has thought through their business strategy and has a clear path for growth and success. Control standards and human resource guidelines are important internal documents for running the business, but are not necessarily relevant to a lender evaluating creditworthiness.

The Owner of a Rapidly Growing Small Business Needs to Talk