Which of the following is the primary source of financing for all small business start-ups?

Question

Quizplus · Accepted Answer

The owner's personal savings are typically the primary source of financing for small business start-ups. This is because banks and other lenders are often hesitant to extend credit to start-ups without a proven track record, and suppliers and customers may not be willing to extend credit until the business has established itself. The Business Development Bank of Canada can be a helpful financing option, but it is not the primary source for all small business start-ups.

Which of the Following Is the Primary Source of Financing