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Explain one reason why a new business could find it difficult to raise external finance.

Question

Explain one reason why a new business could find it difficult to raise external finance.
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Solution 1

One reason why a new business could find it difficult to raise external finance is due to lack of credit history. Here's a step-by-step explanation:

  1. Credit History: When a business is new, it has no credit history. This means there's no track record of how the business has handled debt in the pa Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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