Problem:
If someone believes they can easily double the size of a business within 2 years, but the financial forecast shown in the business plan show the business can not generate enough cash to fuel the growth at that pace and shows that an extra $550k in external capital is needed to meet the goals and objectives they have set for the company.
Where should this person look for financing? Consider 3 different options and the advantages and disadvantages of each.
Which would be most promising to meet the capital needs and why?