To earn some extra money to pay for college, you have decided to open your own tattoo parlor one block from campus. You come up with a business plan and realize that you will need financing to get your business off the ground. For each of the following scenarios, is the financing option direct or indirect? a. You fill out an application with an online company that specializes in providing start-up loans funded by a group of banks. b. You appear on a reality show where you pitch your idea to potential investors. Someone likes you, so she writes you a check to get things going. c. You borrow money from classmates and promise to repay them with interest in two years.
