Britney has investigated sources of funding for her new business and believes using debt financing will be her best option. Of the types of debt financing, which option may be the most accessible and demonstrate her commitment to succeeding?

A. personal savings
B. line of credit
C. angel investors
D. banks or credit unions

1 answer

The option that may be the most accessible and demonstrate her commitment to succeeding is A. personal savings.

Using personal savings for a business shows a strong commitment and belief in the business idea, as it indicates that she is willing to invest her own money as a form of risk. While lines of credit, angel investors, and banks or credit unions are viable options, they typically involve more scrutiny or require a formal application process that may not be as readily accessible as using personal funds.