After graduating from college, Alyson and Salma started their own photography business. They currently hold photo shoots with clients at outdoor locations or in Salma's basement, where she has a small studio. Their business has grown substantially, and Alyson and Salma are looking to renovate a building in town, which will have two studios. In addition, they would like to hire another photographer. Alyson and Salma would likely seek funding from which of the following?

Question

Quizplus · Accepted Answer

Since Alyson and Salma are looking to renovate a building and hire another photographer, they will likely need a significant amount of funding. Personal funds and seeking funding from friends and family may not be enough to cover the costs, and an angel investor or venture capitalist may not be necessary at this stage in their business. Therefore, the best option for funding would be to seek a bank loan.

After Graduating from College, Alyson and Salma Started Their Own