Household And Business Finance

Question 0

Short term finance

Answer 0

Credit card
Bank overdraft
Accrued expenses/ creditors
Invoice discounting/ factoring

Question 1

Purpose of cash flow forecast

Answer 1

Plan for future events
Identify seasonal patterns
Assist with applying for loans

Question 2

Medium term finance

Answer 2

Term loan
Hire purchase
Leasing

Question 3

Long term finance

Answer 3

Share capital
Governmental grants
Long term loans
Venture capital

Question 4

What to consider when choosing finance

Answer 4

Purpose 
Amount 
Time 
Cost 
Security requirement 
Conditions attached