Eloise requires funding for her newlylaunched online shopping website. However, she has a very low credit score and wants to retain complete control of her business. Given Eloise's situation, which of the following sources of finance would be ideal?

Question

Eloise requires funding for her newly­launched online shopping website. However, she has a very low credit score and wants to retain complete control of her business. Given Eloise's situation, which of the following sources of finance would be ideal?

Quizplus · Accepted Answer

An alternative lender such as a peer-to-peer lending platform or a crowdfunding platform would be ideal for Eloise as they are more likely to consider her low credit score and may not require her to give up control of her business as traditional lenders might. An angel investor or venture capital firm may require equity in the business in exchange for funding, which would result in Eloise giving up some control. A commercial bank loan may also be difficult to obtain with a low credit score.

Eloise Requires Funding for Her Newly­launched Online Shopping Website

Eloise Requires Funding for Her Newlylaunched Online Shopping Website