Securing capital for your company with your own money first, loans second, and equity third, allows you to maintain as much ownership and control of your company as possible. TRUE OR FALSE

Which of the following is an advantage of obtaining an SBA loan? a. The SBA may back up a loan for small business and reduce the risk for a financial institution that would lend the money. b. The SBA will back up a small business loan 100% reducing all risks for a financial institution. The SBA will lend money directly to the small businesses. d. The SBA will back up a loan without a lot of supporting documentation. This question is created using a multiple answer format. Imagine you were an entrepreneur and decided to get the money you needed to start the business via debt financing (e.g., a bank loan). What would be the advantages of this type of financing over equity financing? (Check all that apply) a. Not having to share the profit with the lenders b. Having to pay back the borrowed money along with interest c. Being in total control of your business, since you do not need to give up ownership shares to the lenders d. Receiving mentorship from the lenders along with a network of customers they would introduce you Which statements below are correct? Choose all that apply. a. Founders of Google, Facebook, and FedEx can all be called innovative entrepreneurs. b. The replicative entrepreneurs, such as bakers (those who do not offer a new product/service/process) do not contribute to the economic growth of a country. C. When any good or service is produced, productive resources such as land and capital are necessary. Entrepreneurship, on the other hand, is not a productive resource. d. An entrepreneur is a person who assumes the risk of acquiring other productive resources - land, capital, and labor - that are necessary to begin production of a good or service