Which of the following is NOT typically involved when a start-up business applies for a loan at a commercial bank?
A) A viable business plan
B) Evidence of at least two months of projected sales already in inventory
C) A personal financial statement
D) Business financial statements,including projected cash flows
Correct Answer:
Verified
Q6: The 7(a)Loan Guaranty Program of the Small
Q7: List the five active phases of a
Q8: Angel financing is _.
A)rare
B)usually for medium-term loans
C)usually
Q9: SBA guarantee loans have an interest rate
Q10: Banks and other lending institutions _.
A)frown upon
Q12: The SBA only aids _ when their
Q13: In the life cycle of a business,a
Q14: Which of the following is NOT typically
Q15: Financing that will take _ ten years
Q16: Which of the following answer choices is
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