Businesses should examine various internal methods of financing or nonbank sources of credit as opposed to obtaining a bank loan. Read "Entrepreneurship In Action - Where Do we Turn Now?" on page 504.
Answer these questions:
• What other sources of financing do you recommend Tina Bean and Matt Brannon turn to for the financing they need for their businesses?
• The Brannons had never borrowed money for their business before the opportunity to purchase a competitor suddenly emerged. What steps can entrepreneurs take to make sure that they have financing arrangements in place when such opportunities arise?