MTM World INC.

2019:

Total Revenue = $333,329

Total Expenses = $275,791

Net income of $57,538

2020:

Total Revenue = $4,257

Total Expenses = $92,394

Net income of $(88,137)

1- Up to $250,000 Loan(only by analyzing and using the company's financial statements, no need to financial statements' Audit), interest rate 5.55%, amortization 5 years.

2- Up to $350,000 for Equipment purchasing to implement the plan of manufacturing products(no need to audit the company's financial statements), interest rate 6.45%, amortization 6 years.

3- Up to $1,000,000 Loan:Requires two last years' financial statements' audit that costs between $7,000 to $10,000 for business owner/s), interest rate 8.45%, amortization 5 years.

1.Which development options are available for MTM World that financial institutions can finance, and which one would be the best?

2. Which financial product would be the best option to get this business financed?

3. If the business needs more financing, is it wiser to choose debt financing or equity financing? And why?