Question 6
getting a loan you have to repay is known as
question options:

equity financing.

debt financing.

amortized lending.

irrevocable trusts.

question 7
which of the following is a reason to approach smaller banks for a business loan?
question options:

their criteria for approving a loan are much less stringent than those for larger banks.

they emphasize personal relationships and may give more weight to personal attributes.

they have lower fees.

they grant larger loans.

question 13
family members may lend you money based on
question options:

obligation.

your sound business plan.

your strength of character.

guilt.

question 18
when determining your business's initial cash needs, you should determine how much money you'll need to live on for the first of your business's operations.
question options:

1 to 3 months

1 to 6 months

6 to 12 months

year

question 19
what happens if you pay off an installment loan early?
question options:

you'll incur a prepayment fee.

the full interest will be charged regardless of when you pay off the loan.

the interest will be adjusted accordingly.

the interest will be doubled.