Assume you will need a four-year loan of $15,000 to start your business. You estimate that you
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Assume you will need a four-year loan of $15,000 to start your business.
You estimate that you will need a $2,000 line of credit for the first year of operation. Of the financial institutions you studied in Data Collection #1 above, which one would you go to for the necessary financing? Justify your answer. What do you feel the greatest personal obstacles will be in obtaining a line of credit for your new business? Why?
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Business Principles And Management
ISBN: 9781111571726
12th Edition
Authors: James L. Burrow, Kenneth E. Everard, Brad Kleindl
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