QUESTION IMAGE
Question
where could funds be acquired to start a business? seeking investors or requesting a bank loan sole reliance on personal savings commencing without financial backing
Brief Explanations
Seeking investors or getting a bank - loan are common ways to raise business start - up funds. Personal savings can also be used. Starting without financial backing is very difficult as most businesses need initial capital for operations, inventory, etc.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
seeking investors or requesting a bank loan, sole reliance on personal savings