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Bank Finance - created from Mind Map

Description

AS level Business Unit 1 Note on Bank Finance - created from Mind Map, created by demi_preece123 on 30/03/2014.

Note by demi_preece123, updated more than 1 year ago More Less

	Created by demi_preece123 over 10 years ago

	Copied to Note by demi_preece123 over 10 years ago

Resource summary

Page 1

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+

MORTGAGE (secured laon) Floating Charge everything the business owns could be ceased up to the value of the money owed.

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

Bank Finance

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