Eric decides to open a small catering business to serve local businesses. Based on this information, what is his most likely source of funding?

Question

Quizplus · Accepted Answer

As a small catering business, Eric is most likely to seek funding from personal funds, family, and friends because bank lending, angel investment, and venture capital are more commonly associated with larger and more established businesses. Personal funds, family, and friends are also a common source of funding for small businesses and startups.

Eric Decides to Open a Small Catering Business to Serve