Sources of Finance 0.0 / 5 ? Business & Communication SystemsFinancesGCSEAQA Created by: rstaines98Created on: 30-12-13 15:08 Name the three reason for financne To start up, to run, to expand 1 of 5 Name three short-term sources of external finance Overdraft facility, Trade credits, Factoring 2 of 5 Name four long-term sources of external finance Share Capital, Loans, Debentures, Mortgage, leasing, Grants 3 of 5 What is a creditor? an individual or business that has lent funds to a business and is owed money 4 of 5 What is a debtor? an individual or business who has borrowed funds from a business and so owes it money 5 of 5
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