Installment loans can be obtained by a venture Blank______.Multiple choice question.that uses funds only from family and friendsthat is funded solely by crowd fundingwith a strong creditworthy partner such as the governmentwith a track record of sales and profits
Question
Installment loans can be obtained by a venture Blank______.Multiple choice question.that uses funds only from family and friendsthat is funded solely by crowd fundingwith a strong creditworthy partner such as the governmentwith a track record of sales and profits
Solution
The correct answer is: "with a track record of sales and profits".
Step 1: Understand the question. The question is asking which type of venture can obtain installment loans.
Step 2: Analyze the options.
Option 1: "that uses funds only from family and friends" - This option is not necessarily a strong candidate for obtaining installment loans. Lenders typically look for a more reliable source of income and a track record of repayment.
Option 2: "that is funded solely by crowd funding" - This option is also not a strong candidate for obtaining installment loans. While crowd funding can provide a source of income, it does not provide the consistent repayment history that lenders look for.
Option 3: "with a strong creditworthy partner such as the government" - While having a creditworthy partner can help a venture obtain loans, the question specifies "installment loans". These are typically obtained based on the borrower's creditworthiness and ability to repay, not a partner's.
Option 4: "with a track record of sales and profits" - This is the strongest candidate for obtaining installment loans. A track record of sales and profits shows that the venture has a consistent source of income and is likely to be able to repay the loan.
Step 3: Choose the best answer based on the analysis. The venture "with a track record of sales and profits" is the most likely to be able to obtain installment loans.
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