Question

Ben left the corporate rat race to start his own business that will allow him to earn a small income while providing plenty of time to pursue his love of pottery making. He does not expect either growth or high profits. Ben’s prospects for attracting outside financing are______________.

Answer 1

Answer:

Limited Finance.

Explanation:

Resource Reduced. Definition of a loan guaranteed by up to a certain amount. A loan on which one-third of the balance is guaranteed or collateralize, for example, is reduced recourse debt.

Short-term lending is somewhat more aggressive than long-term funding, but it also appears to be less expensive and give the investor greater flexibility. Both the rising and lower uncertainties are attributed to future potential increases in interest rates.