The most frequently used source of funds for start-ups is:
A) the entrepreneur's personal funds.
B) bank loans.
C) credit cards.
D) SBA loans.

Question

Quizplus · Accepted Answer

The most commonly used source of funds for start-ups is the entrepreneur's personal funds, such as savings or personal loans. This is because it is often difficult for start-ups to obtain funding from other sources, such as banks or investors, without a proven track record of success. Using personal funds can also demonstrate to outside investors that the entrepreneur is committed to the success of the business.

The Most Frequently Used Source of Funds for Start-Ups Is