Week 1 Bus

 Financing a Business

PART 1

Assume I come to you for advice because I wish to start a small business, let’s say I wish to open a small ice cream stand like the one seen here (this is actually a Tastee Freez near Pittsburgh that I actually owned several years ago) and need financing.  Let’s say I’m looking to borrow between $150,000 to $200,000 to secure the franchise fee, the property and building, as well as other start up costs.  I currently only have $40,000 in my IRA and would be reluctant to touch that, I do have other personal assets (including my home, valued at $125,000) and other personal wealth totally around $35,000.  I anticipate being profitable rather quickly and hope to have revenue of $45,000 (net) in the first year alone. My credit rating is ‘very good’ and several family members (on both mine and my wife’s sides of the family) have expressed both support for this business venture and some small interest in being a part of the business.

Ice cream standChoose one of these financing methods that you think would be the best option for me to finance this venture:

  
Obtain a Bank Loan (Debt Funding) for the full amount

  
Obtain an SBA (Small Business Administration ) Loan (Debt Funding)

  
Look for an ‘Angel Investor’ (Equity Funding)

  
Raise money from family and friends (Equity Funding)

  
Use most of my personal wealth and assets and borrow the rest from a bank (Self Financing + Debt)

To help me out, you review this article from Inc. Magazine ‘Ten Ways to Finance Your Business’ (Click here to review the article) then answer the following questions:

  
What type of financing is your ‘best recommendation’ for me to get the money I need to start this business and why?

  
What should be my major worries or concerns about using this type of financing?

  
If it were you starting a business, what type of information would be most important to you before deciding on what type of financing to use?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

Money-back Guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism Guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision Policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy Policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation Guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more