Bank Finance

Description

AS level Business Unit 1 Mind Map on Bank Finance, created by demi_preece123 on 30/03/2014.
demi_preece123
Mind Map by demi_preece123, updated more than 1 year ago
demi_preece123
Created by demi_preece123 over 10 years ago
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Resource summary

Bank Finance
  1. ADVANCED ACCOUNT (fixed term) repay capital at the end of 2 years - monthly interest
    1. FIXED TERM LOAN
      1. Short term - 0-3 years
        1. Medium - 3-5 years
          1. Long term - 5years+
          2. MORTGAGE (secured laon)
            1. Floating Charge
              1. everything the business owns could be ceased up to the value of the money owed.
            2. OVERDRAFT - flexibility
              1. only get charged interest when you go into the 'RED'
                1. formal demand if you cannot clear the overdraft when the limit is reached
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