Britney has investigated sources of funding for her new business and believes using debt financing will be her best option. Of the types

Question

Britney has investigated sources of funding for her new business and believes using debt financing will be her best option. Of the types

of debt financing, which option may be the MOST accessible and demonstrate her commitment to succeeding?
(1 point)
Personal savings
Line of credit
Angel investors
Banks or credit unions

Answer 1

Personal savings may be the most accessible and demonstrate Britney's commitment to succeeding. By using her own savings to finance her business, Britney is showing that she is willing to take a personal financial risk and is dedicated to making her business a success. Additionally, using personal savings does not require approval or agreement from external parties, making it a more straightforward and accessible option compared to obtaining a line of credit, seeking funding from angel investors, or applying for a loan from a bank or credit union.