What is the most important source of money for new-business start-ups?

Question

Quizplus · Accepted Answer

Personal resources, such as savings, investments, and assets, are the most important source of money for new-business start-ups. Banks and the SBA may require collateral and solid business plans before providing loans. Grants are also difficult to obtain and often have specific requirements that limit their usefulness for most start-ups. Therefore, personal resources provide the flexibility and control over financing that is critical for new businesses.

What Is the Most Important Source of Money for New-Business