Sources of finance


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…


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