A small, privately-owned bakery has been successfully operating for five years and has a consistent record of profitability. The owners now wish to open a second location in a neighboring town and need to secure capital for the expansion. Based on the typical financing patterns for a firm of this size and stage of development, what is the most likely primary source of funding the bakery will seek?
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A small, privately-owned bakery has been successfully operating for five years and has a consistent record of profitability. The owners now wish to open a second location in a neighboring town and need to secure capital for the expansion. Based on the typical financing patterns for a firm of this size and stage of development, what is the most likely primary source of funding the bakery will seek?
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