Question

Any two external sources of finance for a business concern??

Answer 1

Answer:

Sources of finance for business are equity, debt, debentures, retained earnings, term loans, working capital loans, letter of credit, euro issue, venture funding etc. These sources of funds are used in different situations. They are classified based on time period, ownership and control, and their source of generation.

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Answer 2

Answer:

External sources of finance

• External sources of finance refer to money that comes from outside a business. There are several external methods a business can use, including family and friends, bank loans and overdrafts, venture capitalists and business angels, new partners, share issue, trade credit, leasing, hire purchase, and government grants.

• Family and friends - businesses can obtain a loan or be given money from family or friends that may not need to be paid back or are paid back with little or no interest charges.

• A bank loan is money borrowed from a bank by an individual or business. A bank loan is paid off with interest over an agreed period of time, often over several years.

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