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  • 10 Marker Unit 2

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    Hadeel Dossa
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    Tharindu is considering taking out a loan to purchase a car for his business. A loan is a suitable financing method as it allows the amount borrowed to be paid back over time in regular installments, which would enable Tharindu's business to expand by acquiring a car with funds from the loan. Loans provide entrepreneurs with capital to grow their businesses.

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    Tharindu is considering taking out a loan to purchase a car for his business. A loan is a suitable financing method as it allows the amount borrowed to be paid back over time in regular installments, which would enable Tharindu's business to expand by acquiring a car with funds from the loan. Loans provide entrepreneurs with capital to grow their businesses.

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    33 views1 page

    10 Marker Unit 2

    Uploaded by

    Hadeel Dossa
    Tharindu is considering taking out a loan to purchase a car for his business. A loan is a suitable financing method as it allows the amount borrowed to be paid back over time in regular installments, which would enable Tharindu's business to expand by acquiring a car with funds from the loan. Loans provide entrepreneurs with capital to grow their businesses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Tharindu is considering using a loan to buy a car for his business.

    (e) Assess whether this method of


    finance is the most suitable for Tharindu.

    A loan is a method used to raise finance and its an arrangement where the amount borrowed
    must be returned over a fixed period of time in regular payments. Tharindu would benefit from
    using the loan as it allows for his business to expand. Every entrnuper needs funds to grow their
    business, by getting this money and purchasing a car

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