Question

Use the Internet to research different outside financing sources available to entrepreneurs. You will need to have at least three sources and their URL link locations.

Now that you have completed the research, record your findings in the table below.

Fill in three sources of financing and include their links.
Explain how an entrepreneur can acquire a loan from the financing source.

Answer 1

Three sources of financing to a business includes;

1) Angels (National Angel Capital Organization, NACO)

Wealthy and experienced retired industry leaders, that invest in startups, require transparency, and take charge of the supervision of the business management practices

2) Business Accelerator or Incubators (MaRS; MaRS Discovery District)

An incubator provide enabling environment and resources for startups to develop ideas before going into production

3) Bank Loans (Business Development Bank of Canada, BDC)

Bank provide loans to startup with a good idea and an accompanying excellent business plan, and personal guarantee

Step-by-step explanation: