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Business Name: Asda
Source of Finance Description Usage in chosen business
Banks all banks offer advice and guidance, as well as banking
Services, to new businesses. The advice and guidance given by banks include these:
- help with writing business plans
- how to find suitable buildings for the business
- the issues involved in employing people Building Societies Building societies are used to buy land and buildings such as offices and shops. The business is given the sum of money by a bank or building society and has to make regular payments until the money and any interest has been repaid.
This can take up to 30 years. The amount of money borrowed is often large because land and buildings are usually very expensive. Building society will sell the building or land to regain its money
Hire Purchase Hire purchase is a method which allows you to make partial payments. It’s a special way of loan. At last hire purchasing is an expensive way of buying something; also the business will not own it until it’s entirely paid for.
Leasing Leasing allows businesses to rent assets such as vehicles and photocopiers. The business never owns the asset, but doesn’t have to find a large sum of money to buy it. Another advantage of leasing is that the item will be maintained by the business
That owns it. Every large, businesses leases equipment such as computers and photocopiers
Leasing allows businesses to rent assets such as vehicles and photocopiers. The business never owns the asset, but doesn’t have to find a large sum of money to buy it. Another advantage of leasing is that the item will be maintained by the business
That owns it. Every large, businesses leases equipment such as computers and photocopiers A business sells its customer accounts to a factoring company.
The factoring company pays the business 85% of the face value Once it has done this it will pay the remaining amount to the business
Source of Finance Description Usage in chosen business
Banks all banks offer advice and guidance, as well as banking
Services, to new businesses. The advice and guidance given by banks include these:
- help with writing business plans
- how to find suitable buildings for the business
- the issues involved in employing people Building Societies Building societies are used to buy land and buildings such as offices and shops. The business is given the sum of money by a bank or building society and has to make regular payments until the money and any interest has been repaid.
This can take up to 30 years. The amount of money borrowed is often large because land and buildings are usually very expensive. Building society will sell the building or land to regain its money
Hire Purchase Hire purchase is a method which allows you to make partial payments. It’s a special way of loan. At last hire purchasing is an expensive way of buying something; also the business will not own it until it’s entirely paid for.
Leasing Leasing allows businesses to rent assets such as vehicles and photocopiers. The business never owns the asset, but doesn’t have to find a large sum of money to buy it. Another advantage of leasing is that the item will be maintained by the business
That owns it. Every large, businesses leases equipment such as computers and photocopiers
Leasing allows businesses to rent assets such as vehicles and photocopiers. The business never owns the asset, but doesn’t have to find a large sum of money to buy it. Another advantage of leasing is that the item will be maintained by the business
That owns it. Every large, businesses leases equipment such as computers and photocopiers A business sells its customer accounts to a factoring company.
The factoring company pays the business 85% of the face value Once it has done this it will pay the remaining amount to the business