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1- Even though a business loan may have payments calculated over 10 years, banks sometimes...

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Finance

1- Even though a business loan may have payments calculated over 10 years, banks sometimes require a very large payment at some earlier date intended to payoff the loan. This is called a

a) acceleration clause

b) balloon payment

c) accelerated requirement

d) early principal elimination clause

2- Group of answer choices

a) personal savings, friends & family, and bank loans

b) personal savings, friends & family, & credit cards

c) personal savings, bank loans, & business incubators

d) personal savings, other individual investors, & parents

3- Group of answer choices

a) The potential profitability for the owners

b) The business's financial risk

c) Who will have voting control of the business

d) All provided answers apply

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