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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