Jonathan is experiencing some financial problems with his motorcycle repair business-business has not been good. He needs an infusion of cash until business picks up or he may not be able to sustain the business into the next year. His friend, Allan, offers to lend him the funds. In this situation, Allan is a(n) ___.

Question

Quizplus · Accepted Answer

Allan is acting as an angel investor by offering personal funds to help Jonathan's business during a difficult period, typically done without the formalities of venture capital or private equity investments.

Jonathan Is Experiencing Some Financial Problems with His Motorcycle Repair