jefferson is interested in starting his own business. he plans to borrow money from the local bank in order…
jefferson is interested in starting his own business. he plans to borrow money from the local bank in order to finance the business. they will require him to submit a business plan and a(n) _____.\na. buy - out plan\nb. income statement\nc. partnership agreement\nd. financial plan\nplease select the best answer from the choices provided\no a\no b\no c\no d
Answer
Answer:
D. financial plan
Brief Explanations:
When borrowing from a bank for a business, a financial plan showing financial projections and repayment ability is typically required along with a business plan.