If You're Purchasing an Existing Business or a Franchise,banks May

question 9

Multiple Choice

If you're purchasing an existing business or a franchise,banks may offer lines of credit to help you ________.

• A) create a business plan
• B) find an angel investor
• C) avoid borrowing from a savings and loan association
• D) make payroll when business is slow
• E) repay loans from family and friends

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Definitions:

Artisans

Skilled craft workers who make or create things by hand that may be functional or strictly decorative, such as furniture, decorative arts, sculptures, clothing, jewelry, food items, and household items.

Neighborhoods

Specific geographic areas within a city or town, characterized by unique features, communities, and cultures.

Residents

Individuals who inhabit a certain locality or area, often used in the context of people living within a specific city, town, or country.

Location

The geographical place or position where something is situated or occurs.