Business Finance Homework Help

Please read the Case 2- Able Planet and answer the following

“How can a small company find capital to finance an innovative new product?”

Based on your understanding of the case and concepts, answer the following question in 200-350 words each.

Assignment Questions:

1. Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obstacles when raising capital for their businesses. Why?

2. How should Kevin Semcken raise the $1.5 million in capital that Able Planet needs? Be sure to consider sources of both debt and equity financing.

3. Write a short memo to Kevin Semcken explaining what he should do before he approaches potential lenders and investors to maximize his chances of getting the capital that Able Planet needs.