Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 18, Problem 1PPT
Summary Introduction
To discuss: Whether the following business is eligible to apply for Small Business Administration (SBA) financing.
Introduction: SBA is a U.S. government agency which provides financial support to small business and entrepreneurs. It also provides substantial information related to startups and growth of business.
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Chapter 18 Solutions
Understanding Business
Ch. 18.1 - Prob. 18.1AQCh. 18.2 - Prob. 1TPCh. 18.2 - Prob. 2TPCh. 18.2 - Prob. 3TPCh. 18.2 - Prob. 4TPCh. 18.3 - Prob. 18.3AQCh. 18.3 - Prob. 1MEDCh. 18.3 - Prob. 5TPCh. 18.3 - Prob. 6TPCh. 18.3 - Prob. 7TP
Ch. 18.3 - Prob. 8TPCh. 18.4 - Prob. 18.4AQCh. 18.4 - Prob. 18.4BQCh. 18.4 - Prob. 18.4CQCh. 18.4 - Prob. 9TPCh. 18.4 - Prob. 10TPCh. 18.4 - Prob. 11TPCh. 18.4 - Prob. 12TPCh. 18.5 - Prob. 18.5AQCh. 18.5 - Prob. 18.5BQCh. 18.5 - Prob. 13TPCh. 18.5 - Prob. 14TPCh. 18.5 - Prob. 15TPCh. 18.5 - Prob. 16TPCh. 18 - Prob. 1CECh. 18 - Prob. 2CECh. 18 - Prob. 3CECh. 18 - Prob. 4CECh. 18 - Prob. 1CTCh. 18 - Prob. 2CTCh. 18 - Prob. 3CTCh. 18 - Prob. 2DCSCh. 18 - Prob. 3DCSCh. 18 - Prob. 4DCSCh. 18 - Prob. 5DCSCh. 18 - Prob. 1PPTCh. 18 - Prob. 2PPTCh. 18 - Prob. 3PPTCh. 18 - Prob. 4PPTCh. 18 - Prob. 1VCCh. 18 - Prob. 2VCCh. 18 - Prob. 3VC
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- Discuss any five funding strategies that entrepreneurs can utilise as financial assistance during the development phase of an enterprise or business and briefly explain the importance of these strategiesarrow_forwardAs a young Graduate from the University of Professional Studies, a Small and Medium Enterprise Owner approached you and wanted you to help him/her develop a comprehensive Business Plan to enable the Business go for a loan facility with the Access Bank. What are the salient Elements that constitute a well-developed Business plan that can help the Small and Medium Enterprise to acquire the loan facility?arrow_forwardConsider a business idea that you could imagine starting up in your local area. Explain what source or sources of funding might be available to you, approximately how much money you think you would need, and why you would choose that particular source or sources. How would you convince the potential funder or funders that they should invest in your idea?arrow_forward
- In what circumstances might a large corporation sell stock rather than bonds to obtain long-term financing? In what circumstances would it sell bonds rather than stock?arrow_forwardTo increase rates of entrepreneurship, the Small Business Administration (SBA) has created its own bank to provide interest-free loans directly to entrepreneurs. ( a) True (b) Falsearrow_forwardExplain small-business investment companies (SBICs).arrow_forward
- information about FUNDING SOURCES for business?arrow_forwardThink about the factors involved in each of the situations below. Solve the problems by applying the concepts in Chapter 18. Where can your firm find financing? Prepare your initial discussion by providing a detailed response with at least three paragraphs. Your company needs a new copy machine quickly. The high-volume, multifeatured model you want costs $3,000, but your small business doesn’t have that much cash on hand right now and doesn’t want to borrow at this time.arrow_forwardExplain the profitability-risk trade-off of alternative methods of financing a given working capital investment.arrow_forward
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