Question: Joe Latte has completed a business plan and determined that it will take $120,000 to open the coffee and gelato shop. He has $30,000 of

Joe Latte has completed a business plan and determined that it will take $120,000 to open the coffee and gelato shop. He has $30,000 of his own money and will have to obtain $90,000 in loans or grants. How should Joe go about getting financing? What is the probability that he can obtain a grant to start an Italian ice cream shop?

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