obtaining finance Flashcards
1
Q
give two types of sources of finance
A
internal and external
2
Q
give 3 types of internal sources of finance
A
- Founder finance (various personal sources of the entrepreneur)
- Retained profits
- Friends & family
3
Q
give 4 types of external sources of finance
A
- Bank loan
- Bank overdraft
- Business angels
- Loans & grants
4
Q
give 5 sources of long term finance
A
- Share capital
- Retained profits
- Venture capital
- Mortgages
- Long-term bank loans
5
Q
give 4 medium term finance sources
A
Bank loans
Leasing
Hire purchase
Government grants
6
Q
give 4 short term sources of finance
A
Bank overdraft
Trade creditors
Short-term bank loans
Factoring
