Business - Theme 2.1.2 0.0 / 5 ? BusinessExternal Finance (Sources)A2/A-levelEdexcel Created by: Yellowcat9Created on: 11-01-22 11:41 Crowdfunding Raise money (charity/fund) 1 of 10 PROS+CONS Pro: Fast and easy More people targeted Con: May not raise money/not receive enough 2 of 10 Bank loan Get money from a bank which includes interest 3 of 10 PROS+CONS Pro: Receive payment quickly Con: Interest payment 4 of 10 Family and friends Borrowing from them but includes no interest 5 of 10 PROS+CONS Pro: No interest Fast Con: Conflicts/different opinions May ruin personal relationships 6 of 10 Business angels Investment into a business and they expect a good return 7 of 10 PROS+CONS Pro: Experienced help Con: Don't get to spend everything Lose ownership Might take over 8 of 10 Peer-to-peer funding A website that directly funds your company 9 of 10 PROS+CONS Pro: Quick and easy Good start up to help with the business Con: Has to provide in return 10 of 10
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