answersLogoWhite

0


Best Answer

Small businesses borrow for four principal reasons:

1. Commencing a business

2. Buying inventory

3. Growing the company

4. Strengthening the firm.

Businesses choose different types of financing with respect to the intended purpose.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What Are The Primary Reasons Small Businesses Ask For Financing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why Small Businesses Seek Financing?

Small businesses seek business financing for commencing a business, getting inventory, strengthening the business and developing the business. Businesses pick out a variety of financing ways based on the intended objective.


Where can people find information on small business financing?

For people thinking about getting small business financing, the U.S. Small Business Administration can be a great source of information. The Administration can guide small businesses in the areas of business start-up, loans/financing, grants, contracting, and more.


Where can one find help for Canadian small businesses?

There are a number of places one can find help for Canadian small businesses. The best resource for information is through the Canada Small Business Financing program.


What are the 3 main sources of financing for businesses?

Either you finance it yourself, ask for a bank loan or go to the Small Business association for help financing. `what about,dividends,shares and backtracking profits?


Which organisations offer business financing loan?

The most popular place to receive a business financing loan is from the government. The government can, and often does, offer loans to help fund small businesses.


Is there a centralized, online directory listing government grants available for small businesses?

Grants.gov (at www.grants.gov) is where you can find over 1000 government grant programs. It also has links to other sites relating to the financing of small businesses.


Where can one get financing on Dell products?

Financing for computer products, like any other type of financing, is based on if it is for personal use or for business use. Dell provides their own financing for most personal home consumer use, and provides leasing options for companies and small businesses.


What type of finance service is Intuit for small businesses from Quicken?

Intuit offers many different finance services for small businesses from Quicken. Generally, they provide start-up financing for these small companies in the hopes that they will flourish and become larger and more profitable.


How does AIB bank help starting businesses?

The AIB bank helps starting small and medium businesses by financing the production costs for businesses with innovative ideas or convincing marketing strategies. It also offers advice and personal guidance.


What is the meaning of the term 'venture capital financing'?

The term venture capital financing refers to a group of investors that lend money to start up small businesses and firms. Investors do this in order to get more in return if the business or firm was successful.


What has the author Dudley G Gibson written?

Dudley G. Gibson has written: 'A study of the financing of small new high technology businesses in America and Japan'


What is the point of an SBA business loan?

An SBA business loan is a bit of a misnomer: SBA only facilitates financing with bonds, equity financing, and debt management for small businesses, but doesn't lend money itself. See www.sba.gov for more.