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Can you explain in detail Shonta started a graphic design firm a year ago. The business has done well, but it needs a lot more
Can you explain in detail
Shonta started a graphic design firm a year ago. The business has done well, but it needs a lot more equipment, computers, and employees to continue expanding. Shonta thinks she can get all the money she will need from her bank. What advice might you give to her? a. She is right the bank is likely to lend her as much as she needs because banks primarily focus on supporting small businesses. b. She is crazy-banks do not lend money to small businesses but only to well-known, well-established organizations. c. She should sell her business immediately before it fails because most small businesses fail during the first five years. d. She should not accept any new clients so that she can end the need to add additional equipment and employees. e. She should consider alternative sources of financing because banks provide only a portion of the total capital to small businessesStep by Step Solution
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