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WorksheetsJunior Cert Sources of Business Finance
Total questions: 10
Worksheet time: 5mins
An Internal source of finance is
a type of funding received from other businesses and financial institutions
finance which comes from a business's own resources
Equity Capital is
money borrowed from external sources and must be repaid with interest
money received by selling shares
Short term finance is usually paid back no longer than
1 month
6 months
5 years
1 year
Long term finance is usually repaid
1 to 5 years
6 months to 1 year
5+ years
1 to 3 years
When the bank allows you to withdraw more money from your current account than you have in it, this is a
Trade Creditor
Factoring Debt
Accrued Expense
Bank Overdraft
Trade creditor is a person or business to whom your business owes money, this is a
Medium term source of finance
Long term source of finance
Short term source of finance
Renting an asset over a number of years while making fixed regular payments
Medium term loan
Bank Overdraft
Hire Purchase
Leasing
Money invested into the business by its owners in return for a dividend (portion of the profit)
Share Capital
Grants
Debentures
Mortgage
The purchaser pays regular fix payments until the full amount is paid and then ownership is transferred
Leasing
Bank Overdraft
Hire Purchase
Venture Capital
Money received from the goverment, local authority or EU to fund a project
Venture Capital
Debenture
Mortgage
Grant
