Sources of finance

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Across
  1. 2. Money available for the day-to-day running of a business (7,7)
  2. 8. An asset pledged as security for a loan (10)
  3. 11. The likelihood of financial loss or failure faced by a business (8,4)
  4. 13. Funding intended to support business activities over several years (4,4,7)
  5. 14. The total expense of obtaining finance from lenders (9,4)
  6. 15. A disadvantage where only a small amount of finance can be raised (7,5)
  7. 16. The ability of business owners to make decisions without outside influence (5,7)
  8. 18. A business venture that may discourage some investors (5,10)
  9. 20. The power investors may gain when buying shares in a company (11,9)
  10. 21. An advantage of some sources of finance that can be arranged rapidly (5,6)
  11. 23. The length of time allowed to pay back borrowed money (9,6)
Down
  1. 1. A reduction in an owner's percentage share of a business (8,2,9)
  2. 3. A disadvantage of loan finance (9)
  3. 4. The ease with which a business can obtain a particular source of finance (12)
  4. 5. How quickly funds can be obtained from a source of finance (5,2,6)
  5. 6. Funding intended to meet financial needs for less than one year (5,4,7)
  6. 7. The movement of money into and out of a business (4,4)
  7. 9. The reason why a business requires funding (7,2,7)
  8. 10. The extent to which a source of finance can adapt to changing business needs (11)
  9. 12. A cost of loan finance(8)
  10. 17. A potential disadvantage of selling shares to external investors (4,2,7)
  11. 19. The quantity of finance needed by a business (6,8)
  12. 22. Expansion in the size, sales or operations of a business (8,6)