If you are a new small business owner looking for a loan, a bank will most likely expect you to: find equity investors to spread the bank's risk. legally incorporate in that state in order to maximize cash flow. personally guarantee that you will be responsible for the business loan. legally incorporate in order to avoid taxation.

personally guarantee that you will be responsible for the business loan

Explanation:

personal guarantee will help the business owner get approved for a loan. If the business fails the bank can go after the business owners personal assets or property. To get this loan the business owner makes the guarantee promising to pay for business debts using his or her personal asset, which might include cash, real estate, assets or investments.

the correct choice is C:

Any business looking for a loan must be responsible for the same.

Explanation:

This principle is entrenched in the principles of Credit.

Traditionally, there are 5 Cs which govern credit analysis and flow of funds to businesses:

The requirement for collateral indirectly places a demand for the business owner to take responsibility for the  funds.

Cheers!

um sure

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.