- Created by: melsbells15
- Created on: 10-11-20 18:59
Businesses need finance for a range of different reasons
some examples are when starting up the business or to expand the business.
these sources of finance can be short term or long term, which one a business chooses is based on its requirements.
more detailed reasons for finance-
- paying for expenses
- investing in new products and services
- paying for unforseen costs
short term sources of finance-
- repaid immediately or quite quickly (usually within a year)
- generally used for costs e.g. buying stock or paying a ultility bill
- Bank overdraft- good for…