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GCSE Business · key term
The money a business needs to start, operate or grow.
Used by AQA and OCR
Paper 2
Funding used to start, operate or expand a business.
Revise: Raising Business FinanceFinance is funding used to start, operate or expand a business. A new business may need money for equipment and its first supplies before it earns revenue. An established business might need to buy larger premises, enter a new market or cover a temporary shortage of money.
Paper 1, Paper 2
Revise: Role of a Business PlanFinance might come from a loan, an overdraft or, for a company, selling shares.
Money available to a business to pay for its activities and needs.
Money raised and used by a business.
The business function that manages money, monitors financial performance and helps ensure funds are available to meet business needs.
A business plan can help obtain finance; it does not guarantee that a bank or investor will provide it.
Distinguish a reason for needing finance, such as buying equipment, from a source of finance, such as a bank loan.
Use the business context given in the question rather than listing every possible reason for needing finance.
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