693285
Description
Mind Map by demi_preece123, updated more than 1 year ago
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Created by demi_preece123
over 10 years ago
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Bank Finance
- ADVANCED ACCOUNT (fixed term) repay capital at
the end of 2 years - monthly interest
- FIXED TERM LOAN
- Short term -
0-3 years
- Medium - 3-5 years
- Long term -
5years+
- Short term -
0-3 years
- MORTGAGE (secured laon)
- Floating Charge
- everything the business owns
could be ceased up to the
value of the money owed.
- everything the business owns
could be ceased up to the
value of the money owed.
- Floating Charge
- OVERDRAFT - flexibility
- only get charged interest when you go into the 'RED'
- formal demand if you cannot clear the overdraft when the limit is reached
- formal demand if you cannot clear the overdraft when the limit is reached
- only get charged interest when you go into the 'RED'
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