How much do you know about business financing? Find out with this quick 10-question quiz.
A. A metric used to determine if a business owner is eligible for a personal credit card
B. A way for lenders to determine the risk of a business as a borrower
C. A page on social media that lets customers review their satisfaction with a business
D. A handout that lets customers know what credit cards a business accepts for payment
A. A type of factoring
B. Startup funding from the Startup Business Association
C. Loans made by lenders such as banks, that are partially guaranteed by the Small Business Administration
D. A cash advance
A. Merchant Cash Advance
C. Equity Financing
D. All of the above
A. Debt Financing
B. Equity Financing
C. SBA Financing
A. Smaller, local businesses
B. National corporations
C. Tech startups
D. Non-profit organizations
A. Interest is only paid on the amount of capital the business uses
B. There are both secured and unsecured lines of credit
C. You can get a line of credit from both bank and non-bank lenders
D. A line of credit is based on credit card sales
A. Businesses with a lot of collateral
B. Established businesses with regular customers who pay large invoices by check
C. Businesses who receive most of their revenue in cash
You’ve got some studying to do. Luckily, you can find information about all types of business financing options right here on BuisnessLoans.com!
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Wow! You know your stuff – well done!
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