Choosing a particular lender may be most influenced by
A) friendliness and understanding of the lender
B) the entrepreneurs experiences in a previous venture
C) the need for privacy
D) length of the term and the use of the funds
Correct Answer:
Verified
Q9: The informal risk-capital market refers to
A)low risk
Q10: "Burn rate" refers to
A)the rate at which
Q11: a business should provide a lender with
Q12: Trade credit is a form of
A)cost cutting
B)debt
Q13: A personal net worth and capability statement
A)is
Q15: "Collateral" refers to
A)other business being done with
Q16: The start up phase financing period will
Q17: Small business owners sometimes use personal credit
Q18: The type of financing sought is likely
Q19: Demand loans are usually most appropriate for
A)funding
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