3.2 Source of Finance

Question 1

Internal source of Finance

Answer 1

-personal funds
-retained profit
-sale of assets

Question 2

External sources of Finance

Answer 2

-share capital
-loan capital (mortgages, business development loans, debentures)
-overdrafts
-tradecredit
-crowdfunding
-leasing
-microfinance providers
-Business Angels

Question 3

short term sources of finance

Answer 3

x<1 year

Question 4

long term

Answer 4

x> 1 year