What source of funding do the majority of new small business owners rely heavily on to finance their start-ups?

Question

Quizplus · Accepted Answer

According to studies and surveys, personal sources including family, friends, and credit cards are the most common sources of funding for new small business owners. This is because it may be difficult for them to obtain loans from commercial banks or investments from venture capital firms without a proven track record of success. Angel investors may also be difficult to access for brand new businesses. Thus, personal financing options become the most feasible choice for many entrepreneurs.

What Source of Funding Do the Majority of New Small