Where would you suggest Andy look for the financing he needs for Custom Stitches?
I would suggest Andy to look for debt financing, because it involves the funds that the small business owners borrows and must repay with interest. Since this case is not about starting a business, so the equity financing will not apply for Andy. This financing is for growth for Custom Stitches so the sources of debt financing will apply for this case. Andy should identify the reasons for debt financing before borrowing money. Purchasing new equipment can improve productivity, increase quality