Short-, medium- and long-term finance, and choosing the right source.
Businesses need capital to start and grow.
Sources by term
- Short-term: overdraft, trade credit, factoring — for cash-flow needs.
- Medium-term: bank loans, hire purchase, leasing — for equipment/vehicles.
- Long-term: mortgages, share capital, debentures, retained profit — for premises and major investment.
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