MY CHOICE

Assuming you are having a start-up business, which among the

short-term financing examples do you think is fitting for you have to
maintain sustainability of your business and why?

 Starting a new business is an exciting enterprise with

its own set of obstacles and benefits, but many are
destined to fail if no specific objectives or guidelines
are defined and followed. Every business wants to gain
profit and embrace the products or services that every
businesses but maintaining will be the hardest part. If
I had to pick in the examples of short-term financing,
they would be line credit and secured loans. I believe
that those examples can help me keep my firm sustainable.
I choose the line credit it is the flexible one which
means that I can access cash at frequent intervals, repay
them and borrow repeatedly so it will makes my funds
available whenever I need a cash with a flexible
repayment structure. Also, I choose the secured loans
because it come in a lower interest rate because it is
less on financial risk and allow to take tax deductions
for the interest paid on the loan each year. As a
business owner, it is simple to determine which one
should be chosen as long as we are able to pinpoint the
loan's or financing's purpose. The urgency with which
funds are required and their intended use are the only
things that count.