What you’ll learn4 learning objectivesChoose one objective for a focused lesson, or study the complete topic.5.2.1Ownership and finance sources• Business ownership and sources of finance- the relationship between the form of business ownership and availability of sources of financeSyllabus objective5.2.2Internal and external finance• Internal and external sources of finance- internal sources of finance: owners investment, retained earnings, sale of unwanted assets, sale and leaseback of non-current assets, working capital- external sources of finance: share capital, debentures, new partners, venture capital, bank overdrafts, leasing, hire purchase, bank loans, mortgages, debt factoring, trade credit, micro-finance, crowd funding and government grantsSyllabus objective5.2.3Finance source factors• Factors affecting the sources of finance- the factors influencing the choice of sources of finance in a given situation: cost, flexibility, need to retain control, the use to which it is put, level of existing debtSyllabus objective5.2.4Selecting finance sources• Selecting the source of finance- the appropriateness of each possible source in a given situationSyllabus objective