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Which is the best source of Finance for a small business?
Many new businesses borrow money in order to start. As they continue trading, they may need to borrow more money to survive or expand. Banks are the main source of loans for small businesses. With a bank loan, the business usually borrows a fixed amount of money. It will then pay this back in regular fixed instalments.
Which is an external source of Finance for a business?
External sources of finance are from outside of the business from elsewhere, such as an owner who invests money into the business, loans from a bank or people you know, debentures which are loans made to the company, a mortgage, hire purchase, leasing or grants. However these are long term external sources, some short term ones could
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