Week 3 Small Business Assgn

Assignment: Financing Your Small Business

Small businesses often rely on lending institutions to finance their ventures. Banks, however, are not the only means to secure capital. Through creative and diligent research, entrepreneurs may uncover alternative sources of funding for their small business venture.

For this Assignment, review Table 15.1 in your Entrepreneurial Small Business textbook, which presents various types of financing options for small businesses. Next, conduct a search for specific examples of financing that are readily available for small businesses.

In your 2- to 3-page paper, be sure to address the following:

• Evaluate the risks, total cost, and the effect of time horizons for each financing option.
• Which financing option(s) is most advantageous for each phase of the business, given the different financing needs at each phase? Justify your selection for each of the phases.

By Day 7

Submit your Assignment.

Submission and Grading Information

To submit your completed Assignment for review and grading, do the following:

• Please save your Assignment using the naming convention “WK3Assgn+last name+first initial.(extension)” as the name.
• Click the Week 3 Assignment Rubric to review the Grading Criteria for the Assignment.
• Click the Week 3 Assignment link. You will also be able to “View Rubric” for grading criteria from this area.
• Next, from the Attach File area, click on the Browse My Computer button. Find the document you saved as “WK3Assgn+last name+first initial.(extension)” and click Open.

If applicable: From the Plagiarism Tools area, click the checkbox for I agree to submit my paper(s) to the Global Reference Database.