Most Small Business Get Their Startup Capital from

question 163

Multiple Choice

Most small business get their startup capital from

• A) commercial banks.
• B) grants.
• C) friends and family.
• D) personal savings.

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Definitions:

Construction Lien

A legal claim against a property by a contractor or subcontractor who has not been paid for work performed or materials supplied in improving that property.

Building Contract

A legal agreement between a property owner and a contractor outlining the construction or renovation of a building, including terms like scope of work, payment, and timelines.

Registration Of The Lien

The official recording of a lien, which is a legal right or interest that a lender has in the borrower's property, until a debt is paid off.

Material

Relating to, derived from, or consisting of matter; physical.