Quiz 3A

In Equity Financing you were not giving up ownership of your business

• TRUE

• FALSE

Banks are conservative when lending money, that is why small business choose banks to get loan.

• TRUE

• FALSE

In using choosing equity financing, there is a big chance that you might lose control to your business as stockholders increase their share

• TRUE

• FALSE

Banks haves fixed terms and interest rate

• TRUE

• FALSE

If you borrowed loan from banks, tax are deductible

• TRUE

• FALSE

In Equity Financing, your credit history is not needed

• TRUE

• FALSE

In debt financing, if your business got bankrupt you are still obligated to pay the said debt

• TRUE

• FALSE

Your credit rating, can affects your chances in making loans

• TRUE

• FALSE

Loan purposes are need to business loan requirement?

• TRUE

• FALSE

You need at least 3 - 5 years as proof of profitable operations

• TRUE

• FALSE