Sources of finance Flashcards
1
Q
internal finance
A
funds found inside the business. For example, profits can be kept back to finance expansion.
2
Q
External finance
A
finance are found outside the business e.g. from creditors or banks.
3
Q
Long term sources of finance
A
Mortgage
Bank loans
Hire purchase
Debentures
4
Q
Short term finance
A
Bank overdraft
Trade credit
Factoring
