Financing is necessary for businesses to be able to operate in the market. The lack of investment in start-up companies or for the growth/development of businesses is one of the main causes of failure of companies, especially SMEs. One of the most recurrent funding systems is, without doubt, the bank loan, however, this type of funding is sometimes difficult sometimes for companies to obtain it and could not necessarily be the best option. As a Business Adviser you should know the sources of funding your clients can use and its advantages and disadvantages compared with each other so that you are able to help your clients to decide on the best option to get funded.
Thus, at the end of the module you will be able to:
- Identify what sources of financing are available for businesses
- Know what are the advantages and disadvantages of different sources of financing
- Have access to different resources that might be useful to deepen the knowledge in sources of financing