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Answer :
Final answer:
An entrepreneur looking for funding without giving up equity should work with a debt financer or lender such as banks, credit unions, or online lenders. This way, they retain full ownership of their business.
Explanation:
An entrepreneur seeking funding, but not wishing to give up equity, should work with a debt financer or a lender. These are entities, which could be banks, credit unions, or online lenders, that provide a loan to the entrepreneur that he or she will need to pay back over time, often with interest. However, using debt financing doesn't involve giving up any ownership of the company, unlike equity financing. For example, if an entrepreneur applies for a business loan from a bank and is approved, he would need to pay back the loan amount plus any interest charged by the bank, but still retains full ownership of his business.
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