There are many finance sources for business enterprises, and identifying the most appropriate one for specific requirements is crucial to success. These include long-term and short-term sources. Long-term sources are used for long-term goals, such as investments in fixed assets or hard core working capital. Short-term sources are used for short-term projects. External sources of finance are those from outside the business, such as loans and overdrafts from commercial banks. They can also come from…
