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iren2701 [21]
4 years ago
8

It is often easier for a brand-new business to get a loan than an existing business. True Or False

Business
2 answers:
crimeas [40]4 years ago
4 0

Answer:

False

Explanation:

It is very difficult for a start-up to get a loan. Banks usually request businesses to present a cash flow in order to get a loan, but if the company has just been established there is nothing to show.

That is why government entities and other private organizations offer financing options to entrepreneurs, e.g. SBA loans or grants, crowdfunding, venture capitalists

vagabundo [1.1K]4 years ago
3 0
It would be false because starting a new business is way harder than keeping up with an existing one
 
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