Your focus small business requires an infusion of $100,000 in capital. Given all the financing options we have explored (debt and equity), discuss the sources of financing you would you pursue by responding to the following questions:
1) For what purpose can you foresee needing funds for your focus small business? Note: If your business is very small, consider future growth opportunities.
2) Would you prefer debt or equity financing? What are the advantages and disadvantages of your choice?
3) Given the nature of your focus small business, your potential uses for the capital, and your attitude regarding debt vs. equity financing, identify at least five sources of debt and / or equity financing you would pursue to secure the required $100,000. Include in your list at least one government loan program you think could be a potential source of capital for your focus small business. Select from the financing alternatives discussed in Chapters 16 and 17. Explain your choices.