ENTREPRENEURIAL FINANCE
SOURCES OF FUNDING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When using which of the following sources of finance would interest always need to be paid?
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Share capital
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A loan from family and friends
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Overdraft
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Venture capital
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Explanation:
Detailed explanation-1: -Sources of Finance: Sources of finance include term loans, debt, equity, or letter of credit. They are classified as internal or external sources.
Detailed explanation-2: -Short-term financing. Short-term financing may be in the form of a bank overdraft, where the bank allows a business to take out more money than is present in their account. Medium-term financing. Long-term financing.
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