finance basics business

  • Created by: NiaE04
  • Created on: 13-01-20 17:26

small firms 

firms nedd finance forfive reasons 

  • set up capital for new firms 
  • cash flow if they find it hard to cover thier costs
  • sometimes customers delay payment 
  • if a business in failing thye might need day to day costs 
  • firms might need money in order to expand 

small firms have several sources of strt up finance 

  • goverment grants- payments given out by the goverment 
  • trade credit - given 1 to 2 months to pay this if not they end up…


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