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23 October, 01:27

Many businesses that struggle to find investment support for their enterprise will decide to

or use their

own finances

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Answers (1)
  1. 23 October, 02:43
    0
    True

    Explanation:

    There are several regulations enacted by the government of the United States of America to support entrepreneurs in terms of obtaining capital or credit to finance their businesses. One of the many laws is Equal Credit Opportunity Act, which is aimed creating avenue for businesses or individuals to get credit finance for their businesses.

    While it is considered illegal for these entrepreneurers or individuals to be refused loan on whatever reasons, yet many still do not get to access these loans either due to discrimination or some other reasons.

    Where an entrepreneur therefore fails to get these financial support, it is expected that such would use his or her personal finance to support the business while the fund could be recouped as the business make profit.
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