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693285
Bank Finance
Description
AS level Business Unit 1 Mind Map on Bank Finance, created by demi_preece123 on 30/03/2014.
No tags specified
business unit 1
business unit 1
as level
Mind Map by
demi_preece123
, updated more than 1 year ago
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Created by
demi_preece123
over 10 years ago
23
0
0
Resource summary
Bank Finance
ADVANCED ACCOUNT (fixed term) repay capital at the end of 2 years - monthly interest
FIXED TERM LOAN
Short term - 0-3 years
Medium - 3-5 years
Long term - 5years+
MORTGAGE (secured laon)
Floating Charge
everything the business owns could be ceased up to the value of the money owed.
OVERDRAFT - flexibility
only get charged interest when you go into the 'RED'
formal demand if you cannot clear the overdraft when the limit is reached
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