In this document we will discuss about Exploring Appropriate Sources of Finance for Startup Businesses and below are the summary points of this document:-
The text discusses appropriate sources of finance for a startup business in the manufacturing sector, including bank loans, venture capital, personal investment, angel investors, and incubators.
It mentions that bank loans are secured, have adjustable repayment schedules, and lower interest rates. Venture capital involves long-term investment in exchange for ownership stake.
Personal investment and angel investors provide funding and expertise, while incubators offer resources in return for equity.
Bank overdrafts and bank bills are also mentioned as potential sources of finance, but with different structures and higher interest rates.