Jill has bootstrapped her business that helps large bakeries increase the efficiency of their deliveries.After a recent spotlight in a trade magazine explaining how her customers can quickly lower their costs,her sales have doubled in three months.Since her system is a combination of proprietary software and hardware,this dramatic increase in installs has created a severe and unexpected cash flow challenge.Which of the following sources would be her best choice of immediate funds?

Question

Quizplus · Accepted Answer

Advance payments from customers would provide immediate cash flow without the need to give up equity or take on debt. Given the recent increase in sales, it is likely that her customers would be willing to provide advance payments in order to continue using her service. Options A, B, and D may also be viable sources of funding, but may take longer to secure and could come with additional costs and obligations.

Jill Has Bootstrapped Her Business That Helps Large Bakeries Increase