Short-term Medium-term Long-term

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Short-term Medium-term Long-term Sources of Finance Short-term Medium-term Long-term © Criddle, Hinton, Nizam

Definitions SHORT-TERM Must be repaid within the next 3 Years MEDIUM-TERM Must be repaid within the next 3 to 10 Years LONG-TERM Must be repaid within 10 or more Years BACK © Criddle, Hinton, Nizam

Short-Term Finance Overdraft Converting assets into cash Bridging finance Trade credit Loan from family or friends Hire purchase Debt financing/ Loan Retained profits BACK DEFINITION © Criddle, Hinton, Nizam

Medium-Term Finance Mortgage Government loan Venture capital Loan from family or friends Lease Debt financing/ Loan BACK DEFINITION © Criddle, Hinton, Nizam

Long-Term Finance Debentures Shares Owner’s investment Mortgage Government loan Venture capital BACK DEFINITION © Criddle, Hinton, Nizam