Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do you agree or disagree with how I arrived at this answer. Are there any alternative financing options that may be even better? From the

Do you agree or disagree with how I arrived at this answer. Are there any alternative financing options that may be even better?

From the Forbes article below and titled Who Is Getting Small Business Funding: Millennials or Baby Boomers? I really enjoyed reading this article because it actually applies to my life right now. My husband and I own a trucking company (super small) and we are trying to find the best options for business lines of credit. This article spoke about how its harder for Millennials to get funding through banks and often have to go outside of banks and seek out higher priced lending. Baby boomers have an easier time getting any type of funding they need because theyve had a much more established credit history.

The3 important points Id want to take away from this article are:

  1. Stay on top of expenses
  2. Dont grow too quickly
  3. Banks want to see about 3 years of financial history before making a lending decision.

Reference

https://www.forbes.com/sites/rohitarora/2017/06/01/who-is-getting-small-business-funding-millennials-or-baby-boomers/#48a26d8f6943(Links to an external site.)Links to an external site.

Hawkins/1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Decision Makers

Authors: Peter Atrill

7th Edition

129201606X, 978-1292016061

More Books

Students also viewed these Finance questions