Small businesses need financing:

Question

Quizplus · Accepted Answer

Small businesses need financing to fund a start-up and as capital for ongoing operations. This is because small business owners often do not have enough personal funds to fully finance their businesses, and ongoing expenses such as payroll, inventory, and rent require consistent funding. Financing can also provide a cushion for unexpected expenses and help businesses grow and expand. Financing is not necessary for reducing the risk of losing personal funds, supporting price competition, or keeping administrative offices modern-looking.

Small Businesses Need Financing