318 assignment 4.doc - 318 ASSIGNMENT 4 1 Dillon Davis AMU BUSN318 318 ASSIGNMENT 4 2 Abstract In this assignment we will discuss four different

318 assignment 4.doc - 318 ASSIGNMENT 4 1 Dillon Davis AMU...

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318 ASSIGNMENT 41Dillon DavisAMUBUSN318September 30, 2018
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318 ASSIGNMENT 4AbstractIn this assignment we will discuss four different financing options for a new small business, the pros and cons of each option, and what kind of businesses will be best suited for each option. 2
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318 ASSIGNMENT 4Small businesses are becoming very popular in today’s society. A small business is a business that is independently owned. The majority of these new small businesses need help financially to get their business off the ground. There are several different options of financing that these small business can consider when it comes to borrowing funds. The U.S. Small Business Administration has provided a list of different financing options. It includes: loans, grants, venture capital, angel investors, savings, retirement, and other investment accounts, crowd funding, peer-to-peer lending, family and friends, and SBA Surety Bond Guarantee Program (sba.gov 2018). The most popular options for small businesses are loans, grants, savings, retirement, other investment accounts, and family and friends. A small business loan is used to finance the company without giving ownership of the
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