Chapter 8 SourcesChapter 8 of financeChapter 8
The chances are that unless you win the National Lottery, inherit a fortune, marry a rich widow or toy boy or find a sugar daddy, that you will sooner or later have to raise some short-term or long-term finance for your business. The most obvious source of funding for most owner-managers is from the local high street bank, but this is not necessarily the cheapest or best way of financing a particular borrowing requirement.
The purpose of this chapter is to examine some of the potential sources of finance that are available for new and expanding businesses, and to examine their relative uses, advantages and disadvantages. For the NVQ candidate, Element 4.2 ‘Identify how the business will be ...
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