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18 February, 2022

Explain different sources of financing working capital.

 The sources of finance of financing working capital may be four categories. They are-

1. Trade Credit: It is the primary sources that trade credit make up the important source for a sum of the total working capital.

2. Bank Credit: The banks determine the maximum credit based on the margin requirements of the security. The forms of bank credit are Loan and overdraft arrangement, cash credit, bills purchase and bills discounted.

3. Non-bank Short Term Borrowing: These types of loan are found from relatives, friends, head office or project office etc.

4. Long-term Sources: It comprises equity capital and long-term borrowings.