INTRODUCTION
The financing function includes the day-to-day concern for the use and control of funds as well as the long-range planning which involves the determining of the future requirement for funds and the optimum uses to which they may be put.
It can therefore, be seen that financing function includes the acquisition and the utilization of capital and the distribution of profits . Procedure for financing the various phases of the business is discussed below.
The main sources of financing are:
1. Personal saving
2. Borrowing from friends or relatives
3. Credit cards
4. Borrowing from Banks
5. Bank loans
6. Bank overdraft
7. Term loans
8. Lease finance
9. Venture investors
10. Government programs
INTRODUCTION 1
1. STAGES OF BUSINESS AND FINANCIAL REQUIREMENT 2
2. SOURCES OF FINANCING BUSINESS 3
3. TYPES OF CAPITAL NEEDED TO FINANCE A BUSINESS 6
CONCLUSION 8
BIBLIOGRAPHY 9
1. Блинов А. Развитие предпринимательства, Экономист, 1993 : 70-73
2. Ершова Г. Поддержка малого предпринимательства, Финансы, 1995 :17-18
3. Маханов З. О российской федеральной программе государственной поддержки малого предпринимательства, Экономист, 2007 :79-84
4. Мишин А. Инвестиционная поддержка малого и среднего бизнеса, Финансы, 2010 5:61-70
5. Sources of financing – Online: http://www.bized.co.uk/learn/accounting/financial/ sources/index.htm
6. Sources of financing – Online: http://unesco-nigeriatve.org/teaching%20materials/ bam/business%20administration%20&%20management/semester2/BAM%20121%20Intro%20to%20Business%202/week3.html
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