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You and a Friend Want to Open New Pet Grooming

Question 139

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You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company.
-Your first business loan will probably entail pledging personal or business assets in the form of _____.


A) owner's equity
B) collateral
C) a current account
D) private insurance

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