Question: Pete has started an electronics firm with the potential for high growth. He obtains funding for the business from a group of investors who

Pete has started an electronics firm with the potential for high growth.

Pete has started an electronics firm with the potential for high growth. He obtains funding for the business from a group of investors who demand partial ownership of the business and representation on the board of directors. What type of financing has Pete procured? Q A. SBIC capital B. Microloan OC. Certified Development Company (504) prog OD. Venture capital OE. SBA 7(a) loan program

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