Which source of financing often requires a business owner to put up a substantial amount of his or her personal funds to demonstrate commitment to the success of the operation?
A) angel investors
B) peer-to-peer lenders
C) venture capitalists
D) banks
E) friends and family
Answer: D
Explanation: D) Lenders often insist that entrepreneurs put up as much as 30 percent of startup costs as proof of commitment to a new business.
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