Assume that you own and operate a small business. You have just completed your forecasts and budgets

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Assume that you own and operate a small business. You have just completed your forecasts and budgets for next year and realize that you will need an infusion of $30,000 cash to get you through the year. You are reluctant to seek a partner because you do not want to dilute your control of the business. Preliminary talks with several lenders convince you that you probably won’t be able to get a loan. What can you do to raise the $30,000 cash necessary to get you through the year?

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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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