Explain the different stages of financing.

Resource: The U.S. Small Business Administration (SBA) website is perhaps the most valuable resource for any new entrepreneur in America for all aspects of starting, operating, and growing a business, and it would help the students in this class to use like a handbook. It is especially useful in learning more about financing a business and obtaining a loan.nnAssess stages of financing in a minimum 1,400 words which includes the following:nn Explain the different stages of financing.n Analyze sources of financing through the lifecycle of a firm.n Assess the trade-offs between debt and equity financing for an entrepreneur. nnCite a minimum of one peer reviewed reference from the University Library.