Business finance is the money that is available to a business. Whether you are starting a new business, expanding an existing business or developing new products, finance will be at the core of every business function.
It doesn’t just change within your business that will require finance, either. Even just the day to day running of a business requires a constant stream of finance, from the cost of marketing to the cost of employing staff.
This finance will often be generated through revenue, but at the start of a new business, or if you run into difficulties, you may need to look into other options to finance your business and keep it running.
Short-term finance is a type of finance which covers a short time period, which is usually less than 12 months. This type of finance allows businesses to raise money quickly and attracts a low interest rate. However, the amount of money that can be raised is small and can directly impact the business.