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Pete has started an electronics firm with the potential for high growth. He obtains funding for the business from a group of investors who

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Pete has started an electronics firm with the potential for high growth. He obtains funding for the business from a group of investors who demand partial ownership of the business and representation on the board of directors. What type of financing has Pete procured? Q A. SBIC capital B. Microloan OC. Certified Development Company (504) prog OD. Venture capital OE. SBA 7(a) loan program

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