what is the best way to finance the purchase or start-up costs (bank, SBA, venture capital, etc.) For a repossession company. Please explain your answer
The best way to finance start up costs is by way of using own resources/savings because:
1.A start up business takes time oi pick up, and if funds were borrowed from a financial institution, there will be servicing of interests and loan/overdraft.
2.When own savings are used there are no interest charges and there is no pressure of paying back borrowed funds and no worries of how long the new business will take to pick up .
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