FINANCES
What are they?
sources of money for a business
Start up a business
Run the business
Expand the business
Sources of finance
Internal Sources
Profits
sell assets
External Sources
short-term sources
An overdraft facility
Trade credits
Factoring
Long-term sources
Owners who invest money in the business
Sole traders and partners
Savings
companies
Share capital
Loans from a bank
Family
Friends
Debentures
Loans made to a Company
Mortgage
Buying property
Hire purchase or leasing
Monthly payments
Equipment
Car
Grants
Charities
Government
Creditors
Individual or business
PROVIDE FUNDS TO A BUSINESS
Security before lending funds
Sole traders
Guarantee
Partners
Offer assets
Additional payment of interest
Debtors
Individual or business
Borrowed funds from a business