Category 1
Category 2
Category 3
Category 4
Misc.
100
Bank
What is the most common source of debt financing?
100
Takes more risks and more expensive
How do finance companies differ from banks?
100
Department of Housing and Urban Development
What does HUD stand for?
100
Salaries and wages for employees, advertising, promotion, supplies, materials, and utilities.
What makes costs vaiable?
100
Secured loans
What kind of loan is backed by collateral?
200
higher intrest rates
What are the major disadvantages of debt financing?
200
Sleect the bank carefully, prepare financial statments and a business play, make an appointment, or prepare to answer questions.
What is one step in getting a loan?
200
HUD provides grants to cities to lend money to private developers to help improve impoverished areas.
What does HUD do?
200
Private investors
Who are angels?
200
something of the value that the lender can claim if the debt is not repaid.
What is collateral?
300
One- time expenses an entrepreneur incurs when starting a business.
What is a start-up cost?
300
nature of the business, manufacturing, retail, wholesale, or service
What is 2 factors that affect start-up cost?
300
continuing costs
What is the ongoing expenses resulting from the operation of the business?
300
families and friends
Who provides love money?
300
Small Business Administration
What does SBA stand for?
400
minority enterprise small business investment companies.
What does MESBIC stand for?
400
credit union
What is a cooperatives formed by labor unions or empoyees for the benefit of the members?
500
character, compacity, collateral, capital, condition, coverage.
What are the six C's of credit?
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