50 Please List the Major Advantages and Challenges That Credit

question 60

Short Answer

50. Please list the major advantages and challenges that credit unions enjoy over banks.

---

Definitions:

Angel Investors

Wealthy individuals who provide capital for a business start-up, usually in exchange for convertible debt or ownership equity.

New Ventures

Freshly started business endeavors that aim to meet a marketplace need or to capitalize on an opportunity.

American Entrepreneur

An individual in the United States who initiates and manages a business venture, taking on financial risks in the hope of profit.

Entrepreneurial Faculties

The skills, abilities, and mindset required to successfully identify opportunities, create, and grow new business ventures, including creativity, leadership, and risk tolerance.