Pros and Cons of different finance methods
Source of finance Definition Pros Cons Bank Loan A certain amount of money borrowed from the bank You can get it straight away You have to pay it back, with interest You have to be accepted for a loan Crowdfunding Money raised from a large number of contributors through a campaign, usually via the internet Fast way to raise finance You have to build up interest in the project beforehand Grant/Funding (BFI etc.) Money provided by a party, most often the government You don’t have to pay it back Time consuming with research and actually waiting to get the grant Private Investment Money invested by companies/financial investors rather than the government It’s not a loan Most investors expect something back or a benefit Self-funding Providin...
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