1- Even though a business loan may have payments calculated over 10 years, banks sometimes...
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Finance
1- Even though a business loan may have payments calculated over 10 years, banks sometimes require a very large payment at some earlier date intended to payoff the loan. This is called a
a) acceleration clause
b) balloon payment
c) accelerated requirement
d) early principal elimination clause
2- Group of answer choices
a) personal savings, friends & family, and bank loans
b) personal savings, friends & family, & credit cards
c) personal savings, bank loans, & business incubators
d) personal savings, other individual investors, & parents
3- Group of answer choices
a) The potential profitability for the owners
b) The business's financial risk
c) Who will have voting control of the business
d) All provided answers apply
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