Lyman's business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs another $5 million. He should consider:

Question

Business

Mercedes Macias

14 July, 05:37

Lyman's business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs another $5 million. He should consider:

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Answers (1)

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Virginia Summers · Answer 1

There are options available for Lyman:

Either he

- Sell his equity to his investors, (which mean that he have to give away a percentage of his company)

- Or he can get some Loans

I he should consider Loans, because his annual revenues already way higher than the amount of loans that he need, he could easily paid it off