Which of the following is NOT typically involved when a start-up business applies for a loan at a commercial bank?

Question

Quizplus · Accepted Answer

A loan from a commercial bank typically does not involve a contract for partial ownership of the proposed firm. Banks require collateral and owner's contribution to secure their loan, evidence of management capability to assess the likelihood of repayment, and evidence of good character to ensure that the borrower can be trusted to pay back the loan.

Which of the Following Is NOT Typically Involved When a Start-Up