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Unformatted text preview: which represents the major equipment needed for my venture. The reason I would chose such sources of capital is because the more of my own funds I use from savings, the less those funds will cost me. Right now interest rates are low on vehicle loans. Advancing money from my credit card only costs me 3% for the first year. All such sources of funding are less expensive than a commercial loan or SBA loan. Additionally, I wouldn’t have to give up control of my business. Moreover, the collateral I have chosen separates the sources of funding from my business, so if the business fails I would still be able to make payments and eventually payoff the loans. I wouldn’t seek any actual money from friends and family because I don’t think the risks are worth the benefits in this instance, but my parents already provided me with the most expensive equipment necessary for this venture....
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This note was uploaded on 03/08/2011 for the course MGMT 303 taught by Professor Unknown during the Spring '09 term at Mountain State.
- Spring '09