"Short-Term Financing" Please respond to the following:
- 1. Imagine you are an entrepreneur with a new idea and would like to start a business with your idea, but lack capital. Go to the U.S. Small Business Administration's Website, located athttps://www.sba.gov/content/sbic-program, and read about the Small Business Investment Companies (SBIC) Program. Also, explore the Website for information regarding sources available for providing venture capital. Provide an overview (two to three [2-3] paragraphs) of your start-up company. In the overview of your company, describe its products, historical financial performance, major capital investments in the last five (5) years, past sources of financing, and plans for future expansion.
- 2. Analyze two (2) sources that might be available to provide venture capital for your start-up. Compare and contrast the major advantages and disadvantages of one (1) over the other. Select the source that you believe is a better fit for your start-up and justify your selection.