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Raising finance - Coggle Diagram
Raising finance
External
Venture capital
Bank Loan
Overdraft
Business angels
Government grants
Family & Friends
Benefits of bank loans:
Can come in different amounts
Keep full control of your business
Favourable interest rates
Internal
Retained profit
share capital
Selling assets
Drawbacks of bank loans:
Lengthy application process
Requires detailed business plan and application
Requires repayment to the bank