Briefly describe a small business you could envision yourself owning and discuss the most appropriate source...

Briefly describe a small business you could envision yourself owning and discuss the most appropriate source of debt capital for that business. Explain your rationale. From the e-Activity, discuss how you could best use an SBA loan to get your business running or expanding. Provide specific examples to support your response.

Expert Solution

My small business would be a handy tool rental business, where various tools required for DIY jobs around the house may be rented for a short period of time. Additionally, the business will also sell such tools on outright and installment basis. The best way to finance a small business is to raise debt as equity is an expensive route and also requires many formalities to be fulfilled, making it unnecessarily cumbersome for the small business.

The loans through Small Business Administration are backed by this federal agency, letting lenders dictate more flexible terms and conditions than on unsecured loans. The interest rates are also relatively low. Such loans may be used for various purposes. I specifically plan to use such loans for the purpose of financing the inventory requirements. As tool selling and rental business will require substantial investment in purchasing such tools, SBA loans will be helpful in this regard and will help in maintaining the liquidity of the business.

jeff jeffy answered 2 years ago

Briefly discuss the most appropriate international business strategy to be used for the following products in...

Briefly discuss the most appropriate international business strategy to be used for the following products in Malaysia. Justify your choice from the perspective of cost reduction and localization requirements.

(4) Describe a data set that you have encountered or could envision that would be applicable...

(4) Describe a data set that you have encountered or could envision that would be applicable to your current job, a past job, or a life situation. Identify two (2) options for graphically representing those data to present to decision-makers, such a pie charts, time series, Pareto charts, histograms, etc. Assess the pros and cons of each graphical option.

- Put yourself on a small business owner shoes, what are the factors that you will...

- Put yourself on a small business owner shoes, what are the factors that you will consider before choosing an e-commerce? -From your personal experience, have you ever experienced a fraud while using an e- commerce website, tell someone`s experience if you don’t have your own? -talk about the essentials to e-commerce success that are affecting the customer`s shopping experience? (Acquiring customer , Maximizing web site preformance, Retaining customer ).

Describe a source of debt financing, and discuss when this type of financing would be appropriate...

Describe a source of debt financing, and discuss when this type of financing would be appropriate for a small business.

How do you GROW as you take up Entrepreneurship Course and envision yourself as an Entrepreneur?...

How do you GROW as you take up Entrepreneurship Course and envision yourself as an Entrepreneur? (GROW means personal growth Journey in Soft Skills.)

. For the following health issues, please identify and briefly describe the most appropriate study design...

. For the following health issues, please identify and briefly describe the most appropriate study design that you have learned about in this course to study the issue. Provide a clear and accurate justification for each choice of study design (suggested length for each response, 3-4 sentences maximum). 1) Breast cancer and lifetime use of oral contraceptives 2) Health effects related to a high fat diet. 3) Vitamin D intake and risks for multiple sclerosis 4) The impacts of poverty...

For the following health issues, please identify and briefly describe the most appropriate study design that...

For the following health issues, please identify and briefly describe the most appropriate study design that you have learned about in this course to study the issue. Provide a clear and accurate justification for each choice of study design (suggested length for each response, 3-4 sentences maximum). 1) Breast cancer and lifetime use of oral contraceptives 2) Health effects related to a high fat diet. 3) Vitamin D intake and risks for multiple sclerosis 4) The impacts of poverty among...

Project yourself as an entrepreneur of a small scale business in your country: Business Plan format...

Project yourself as an entrepreneur of a small scale business in your country: Business Plan format required. A title page, (a) General Business Description • Mission Statements • Company goals and objectives (b) Business Philosophy • Target Customer • Industry Description: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Company strengths and core competencies: What factors will make the company succeed?...

Assume yourself as an entrepreneur of a small scale business ( Restaurant ) Financial Plan The...

Assume yourself as an entrepreneur of a small scale business ( Restaurant ) Financial Plan The financial plan consists of a 12‐month profit and loss projection, a cash‐flow projection, a projected balance sheet, and a break‐even calculation. Together they constitute a reasonable estimate of your company’s financial future.

3) Briefly describe how you see yourself applying what you have learned or promoting maternal and...

3) Briefly describe how you see yourself applying what you have learned or promoting maternal and child health in your family, community, or professional life. Be sure to touch on at least 2 of these areas, either family/community, family/professional, community/professional or all 3 aspects in your response. (2-3 paragraphs)

Question