Assignment: Sources of Financing.
Sources of Financing. Mr. Adam Smith is planning to start a business in Jefferson Parish (Louisiana). He needs financing. Various financing options are being considered. What are the advantages and disadvantages of each of the below financing options?
a. Bank loan.
b. US Small Business Administration (SBA) loan.
c. State and local government financing programs.
d. Personal funds.
e. Private investors.
f. Partners.
g. Jefferson Parish Economic Development Commission (JEDCO) business plan competition.
h. Crowdfunding.