Sources of finance

2. Money available for the day-to-day running of a business (7,7)
8. An asset pledged as security for a loan (10)
11. The likelihood of financial loss or failure faced by a business (8,4)
13. Funding intended to support business activities over several years (4,4,7)
14. The total expense of obtaining finance from lenders (9,4)
15. A disadvantage where only a small amount of finance can be raised (7,5)
16. The ability of business owners to make decisions without outside influence (5,7)
18. A business venture that may discourage some investors (5,10)
20. The power investors may gain when buying shares in a company (11,9)
21. An advantage of some sources of finance that can be arranged rapidly (5,6)
23. The length of time allowed to pay back borrowed money (9,6)

1. A reduction in an owner's percentage share of a business (8,2,9)
3. A disadvantage of loan finance (9)
4. The ease with which a business can obtain a particular source of finance (12)
5. How quickly funds can be obtained from a source of finance (5,2,6)
6. Funding intended to meet financial needs for less than one year (5,4,7)
7. The movement of money into and out of a business (4,4)
9. The reason why a business requires funding (7,2,7)
10. The extent to which a source of finance can adapt to changing business needs (11)
12. A cost of loan finance(8)
17. A potential disadvantage of selling shares to external investors (4,2,7)
19. The quantity of finance needed by a business (6,8)
22. Expansion in the size, sales or operations of a business (8,6)