Top 5 External Sources of Short Term Finance | India
This article throws light upon the top five external sources of short term finance. The external sources are: 1. Trade Credit and other Payables 2. Factoring 3. Bank Loan 4. Accounts Payable 5. Bank Overdraft/Cash-Credit. Short Term Finance: External Source # 1. Trade Credit and other Payables: Trade credit is a form of short-term financing common to almost all businesses. [...]