Which of the Following Statements Is True About Sources of Financing

Which of the following statements is true about sources of financing for entrepreneurs?

A) Banks and government loans provide much larger portions of start-up funds than the personal resources of owners.
B) Lending institutions such as banks are more likely to help finance the purchase of an existing business than a new business.
C) Getting money from banks and government loans is an easy task for business owners.
D) Business owners have to spend very little time in business plans and other documents while borrowing money from banks.
E) Government loans have flexible eligibility guidelines to encourage entrepreneurship among the general public.