Internal sources of finance
- Created by: megangore
- Created on: 30-03-16 16:32
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- Internal sources of finance
- Retained profits
- retained profits are profits that the organisation has made in the past and has not given to owners in the form of profits or dividends
- personal savings
- for a sole trader or for partners personal savings may be an important source of finance which can be brought into the business as additional capital
- debt factoring
- a factoring firm will buy a firms debts for a smaller sum than they owed. the fator collects the debts directly from the business customers
- selling assets
- items owned by the business are sold and the money made is used to finance the business
- Retained profits
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