Jorge still needs a large amount of financing for his new business. He has already tapped into his credit cards and personal contacts and has secured a bank loan. He is intent on retaining full ownership of the company
What financing option should he pursue?
What will be an ideal response?
Answer: To obtain substantial levels of funding without giving up an ownership stake in his new company, Jorge should seek out angel investors.
Explanation: Angel investors are individuals who have a lot of money and are looking to make more by investing in companies with high growth potential.
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