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sources of finance - Coggle Diagram
sources of finance
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bank loan
A bank agrees to lend a business money for a specific purpose for a fixed period of time e.g. 5 years. Repaid monthly with interest.
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commercial mortgage
A large sum of money can be borrowed from a bank to purchase property or land. This is paid back monthly with interest over a long period of time e.g. 25 years.
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Business may lose the property if they do not keep up repayments as the mortgage provider owns it until the last repayment
debt factoring
When a business looks to sell off their debt with the aim of gaining short-term finance to a factoring company.
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sale of assets
Selling unwanted assets that the business no longer requires to generate funds e.g. machinery or equipment.
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