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) ______. a. buy - out plan b. income statement c. partnership agreement d. financial plan please select the best answer from the choices provided

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) ______. a. buy - out plan b. income statement c. partnership agreement d. financial plan please select the best answer from the choices provided

Answer

Brief Explanations:

When borrowing money from a bank for a business, a financial plan is crucial. It shows how the business will manage finances, repay the loan, etc. A buy - out plan is for taking over another business, an income statement is a financial statement for a specific period, and a partnership agreement is for partners in a business. A financial plan is what the bank would expect along with a business plan.

Answer:

D. financial plan