Finance & Funding

Organisations need finance to start a business and get it running, to pay staff wages and suppliers invoices on time, and maybe to expand and buy bigger premises. So what kind of finance options are available to a business? Overdrafts, credit notes, long-term finance, bank loans, mortgages, leased and hire purchase are just a few. Once the session is completed, you will understand the different types of funding available to businesses, along with the advantages and disadvantages of each.

Learning objectives:

• Identify the difference between short-term and long-term capital available
• Define what the difference is between lease and hire purchase
• Understand what options can help you with cashflow in a business