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Session 4: Financing the business

Session Quiz

  1. The best source of money to start my business is:
    2.

  2. You want to start a business that will require lots of money. The venture could fail if conditions change. Your banker will loan you the money but wants your personal guarantee and the equity in your house as collateral. You should:

  3. Your business plan is going to be an important tool in your financing program. You will use it with bankers, suppliers, landlords and even customers. Why is a meticulously prepared business plan so important in accomplishing your financing objectives?

  4. You have an outstanding installment loan with your bank and find that you are unable to make a payment on time. You should:

  5. The WORST advice in dealing with a lender would be:

  6. You can get added support from lending sources by:

  7. What is the LEAST likely way that a supplier could help finance your new businesses?

  8. Personal liability for a business loan can be avoided by organizing the business as a corporation.

  9. Equity financing means:

  10. Most lending sources (SBA, for example) will require submission of a business plan.

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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