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You ultimately talk Kendra out of factoring due to its high cost. Because the company is profitable and has a solid growth record, you agree

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You ultimately talk Kendra out of factoring due to its high cost. Because the company is profitable and has a solid growth record, you agree that short-term financing needs can be met with a short-term bank loan. The bank loan officer informs you that the bank will approve the company for an unsecured line of credit, which is perfect for your immediate needs. As growth continues and Kendra begins to consider expansion of her product line, you realize that significant investments will need to be made over the next 2- s years. Kendra still rejects the idea of bringing in outside equity investors, but has softened her stand on taking long-term debt, she realizes that it can help the company grow and she won't have to deal with the long-term influence of investors the way she would if selling equity. Now Kendra's priority is to secure debt with the longest term possible. She would also like to only pay interest until the end of the term - at which time she'll pay back the face value of the debt. Which form of financing is most appropriate for Kendra? a Venture capital O b. IPO Long-term bank loan d. Corporate bonds

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