source of funding options
100
how many differnt sorts of finance are there.
3, short term, medium term, and long term
200
What do banks need to know before providing finance?
The most important information banks need to find out about is the risk they will be taking by lending a business money
300
what is the difference between Internal and External fundings
Internal is when the money comes from inside the business and External is when the money comes from the outside such as a bank.
400
two Factors to consider before deciding on type of finance
What is being purchased? Match the sources of finance to the reasons it’s required.?Stock, cover busy time etc – short term?Fixed assets – long term
500
what is an important bit of information that banks require
A Business Plan: most banks will require a business plan, particularly if it’s a new business.
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