AQA GCSE Business · 8132
Paper 1, Paper 2
Revise: Impact of the Economic ClimateA loan provides a sum of money that is repaid under agreed terms, perhaps to buy machinery or expand premises. An overdraft allows a business to spend beyond the money in its bank account, up to an agreed limit. It can help pay short-term bills while the business waits for customers to pay.
- Revise: Raising Business Finance
Money borrowed and repaid over an agreed period, usually with interest.