Exam 12: Debt and Other Forms of Financing

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Which of the following are sources of financing that an entrepreneur may choose before seeking a bank loan or external financing?

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According to the Bank of Canada, at the end of 2013 consumers had personal credit outstanding of close to?

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The Business Development Bank of Canada offers loans to:

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A subscription model provides a predictable and recurring way for companies to use customer payments to finance day-to-day operations.

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Canadian Youth Business Foundation loans offer the following:

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Explain why the BDC small business loan is an attractive source of financing compared to other options

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The Business Development Bank of Canada only offers loans of up to $50,000

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What information is necessary in order to apply for a BDC or CYBF loan:

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Spin Master is a company that used a CYBF loan to become a leading toy supplier and Ernst & Young Entrepreneur of the Year

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Canadian entrepreneurs can make use of government financing, such as IRAP research grants and SRED tax incentive programs to help start-ups preserve cash and reduce debt.

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