PF Ch17 Study Guide 1.Seventy-five percent of new business ventures are funded by _______________________________. 2.Money used to expand a business comes out of _______________________________. 3.What is the highest percentage of market value a home equity loan will provide? _______________________________. 4.A home equity loan is an example of _______________________________. 5.For unexpected costs, businesses often use _______________________________. 6.Comments from creditors are helpful to a bank when assessing a would-be borrower’s _______________________________. 7.Less paperwork and a shorter response time are the advantages of applying for a loan through the _______________________________. 8.A disadvantage of funding a business with business credit cards is _______________________________. 9.Which source of funding expects to have a major voice in a business’s decisions? _______________________________. 10.Which entrepreneur went bankrupt with Laugh-O-Gram Corporation but later accomplished great things? _______________________________. 11.borrowing money from a bank to finance a new or ongoing business _______________________________. 12.a private investment firm that works with the Small Business Administration to provide longer-term funding for small businesses _______________________________. 13.the ongoing expense that a person expects to have operating a business _______________________________. 14.the costs of setting up a business _______________________________. 15.a loan that does not require collateral from the borrower _______________________________. 16.an arrangement in which bank customers can borrow a certain amount of money from the bank immediately _______________________________. 17.a loan based on the difference between the current market value of a home and the amount still owed on the mortgage _______________________________. 18.an independent agency of the federal government that guarantees commercial loans offers assistance to people who are starting small businesses and to those who want to expand existing businesses _______________________________. 19.a company that provides private funding for small businesses that need a substantial amount of immediate cash _______________________________. 20.money borrowed from friends and family_______________________________.