PLEASE HELP ASAP!!! (There are 5 questions)

Question 1: When determining your business’s initial cash needs, you should determine how much money you’ll need to live on for the first ________of your business’s operations?

A): 1 to 3 months

B): 1 to 6 months

C): 6 to 12 months


Question 2: One of the biggest dangers of borrowing from people you know is their potential for______

A): Flexibility

B): Reneging on the money

C): Ulterior motives


Question 3: What type of loan uses real estate for security?

A): A point sale

B): A line of credit

C): A second mortgage


Question 4: Which of the following documents will a bank issue in order to secure a loan with your personal assets?

A): Guarantee and safety agreement

B): Promissory note

C): 1099 form


Question 5: Adriana has borrowed $30,000 from her IRA in order to fund her startup cost. How long does she have to replace the money without incurring a 10% premature withdrawal fee?

A): 60 Days

B): 90 Days

C): 120 Days