asked 211k views
2 votes
Young owners of a sole proprietorship will likely not find financial support available from _____.

2 Answers

3 votes

Answer:

The answer is Banks.

Step-by-step explanation:

Young owners of sole proprietorship will likely not find financial support available from Banks.

Banks usually give loans to settled businesses or some businessmen who have experience and knowledge of doing business. Banks analyze the past business conditions of the applicant and give loan according to the situation.

Young owners of sole proprietorship have family support who lend them finances to start their business.

So banks do give loans to young owners of sole proprietorship, but usually banks don't like to lend them money.

answered
User TrevorBrooks
by
8.1k points
1 vote
The answer is banks and other financial institutions.
Banks and other financial institutions rarely consider investing in a small/new sole proprietorship because they do not give enough return.
If the sole proprietorship owned by young owners, the risk of failing due to lack of commitment and experiences became much more higher, giving the banks more reason not to deal with it.
answered
User Gabe Shahbazian
by
8.0k points
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