Ch 7-3 Entrepreneurship: Finding the Money

What percentage of all start-ups are funded with credit cards?

• 10

• 20

• 30

• 80

It is uncommon to receive all of your start-up money (100%) from loans

• True

• False

Small Business Administration (SBA) has a microloan program that lends borrowers small amounts of money (usually about $13k)

• True

• False

What are the some common ways to get funds to start up a business?

• Ask Grandma

• Crowdfunding

• Credit Cards

• Find a stray bag of money

With a credit card, you don't have to pay back the money.

• True

• False

Only around 25% of small businesses owners spend their own money to start a business.

• True

• False