It is important to be aware of all sources of financing that are available to businesses and what are their main characteristics. The sources of financing can be classified as internal or external depending if the funds come from within the business or outside.
The source of financing chosen will depend on a number of factors such as purpose – what the finance is to be used for; time period – how long the finance will be needed for; amount – how much money the business needs; and ownership and size of the business.
- Case study about trying to find the right source of financing – http://www.nibusinessinfo.co.uk/bdotg/action/detail?itemId=1081921831&r.i=1076795328&r.l1=1073858790&r.l2=1084705429&r.l3=1087443481&r.l4=1076795303&r.s=m&r.t=RESOURCES&site=191&type=CASE%20STUDIES
- Case study (video) about trying to identify finance options for your business – http://www.nibusinessinfo.co.uk/bdotg/action/detail?itemId=1085174678&r.l1=1073858790&r.s=cb&site=191&type=CASE%20STUDIES