finance flashcards 0.0 / 5 ? Business StudiesFinanceGCSEAQA Created by: liamrussellCreated on: 11-07-16 10:31 Name 4 Sources of Finance Bank Loans, Overdrafts, Mortgages, Loans from family and friends 1 of 5 Why do new businesses need to raise finance? Renting or buying a business, To get vehicles, Equipment or Machinery 2 of 5 What is a Mortgage? Loans from banks and building societies that are used to buy land and buildings 3 of 5 What is an overdraft? Gives entrepeneurs an businesses the right to borrow variable amounts of money up to an agreed limit 4 of 5 What is the definition of Owners Funds? Is where the money put into a business comes from then owners 5 of 5
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