- Created by: lauren_10965
- Created on: 06-10-15 09:38
- An overdraft facility, where a bank allows a firm to take out more money than it has in its bank account.
- Trade credits, where suppliers deliver goods now and are willing to wait for a number of days before payment.
- Factoring, where firms sell their invoices to a factor such as a bank. They do this for some cash right away, rather than waiting 28 days to be paid the full amount.
Long-term sources of external finance
Sources of external…