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Sources of finance (Internal (Retained profit (Interest free, Not always…
Sources of finance
Internal
Retained profit
Interest free
Not always available
Less reward for risk
Sales of assets
Owner's funds
Quick
Interest Free
Risky
Working Capital
Good business practice
Money not always available
Must still have sufficient stock
External
Long term
Share Issue
Leasing
Hire purchase
Debentures
Venture Capital
Bank loans
Short term
Overdraft
High rates of interest/charges
Debt factoring
Time consuming
Trade Credit
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