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It can be structured as a direct loan, a gift, or equity (ownership stake) in the company.

It allows entrepreneurs to "bootstrap" their idea without a perfected business plan or high credit score. Love Money mp4

Funds are usually disbursed much faster than bank loans, which can take weeks or months of processing. 4. Risks and Challenges It can be structured as a direct loan,

Family members may not have the same professional expectations or reporting requirements as VCs, which can lead to messy bookkeeping. which can lead to messy bookkeeping.

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