Business- Sources of Finance 0.0 / 5 ? Business StudiesFinanceGCSEAQA Created by: N_KaurCreated on: 17-01-16 16:21 An Overdraft Is an amount below zero that can go into your bank account. 1 of 8 Bank Loans Is medium term to long term, and is a longer repayment with a larger amount. 2 of 8 Hire Purchase Is medium term, and you don't own it until the final payment is made. Interest is payable. 3 of 8 Leasing Is medium term, and is like renting, you hand it back at the end. 4 of 8 Trade Credit Is short term. A supplier gives you a period of time to pay for a raw material after you take money to buy it. 5 of 8 Issuing shares Limited companies could issue shares. 6 of 8 Venture Capital Businesses Are large businesses which lend money to smaller business e.g. Dragons Den 7 of 8 Internal Sources of Finance Retained Profit, Owners Funds, Sales of assets (selling something you own). 8 of 8
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