Question

an entrepreneur might use in the early stages of a start - up to finance a new business. self - financing loans friends and family investors

Explanation:

In the earliest startup stages, entrepreneurs often lack established business history to qualify for loans, attract formal investors, or even easily secure funds from friends/family. Self-financing (using personal savings, assets, etc.) is the most accessible and common initial funding source as it requires no external approval or established business track record.

Answer:

self-financing