- 20 Marks
CML – APRIL 2023 – L3 – Q4 – Alternative Sources of Business Finance
Discuss five key alternative sources of business finance besides traditional banks and specialized institutions.
Question
Banks and Specialized Deposit-Taking Institutions including savings and loans companies, finance companies and microfinance companies, are the main sources of traditional business finance be it short, medium or long term business finance. This may be by way of overdraft, personal loan, or term loans. There are however other sources of business funds alternative to what is available in banks and specialized deposit taking institutions.
Discuss any such five key alternative source of business finance.
[20 Marks]
Find Related Questions by Tags, levels, etc.
- Tags: Alternatives to Banking, Business Finance, Crowdfunding, Leasing, Trade Credit, Venture Capital
- Level: Level 3
- Topic: Principles of good lending
- Series: APR 2023
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