How’s your credit crunch lingo? In other words, do you know the official definition of a credit crunch? Take a look at the BBC’s midweek quiz – 10 questions to see how much you (don’t) know.
Question 5 is particularly interesting. Is the UK economy in decline? I’ll give you the answer for this one – it’s no. The UK economy grew by 0.3% between January and March – weak, but not declining.
If you do need additional money to finance your business though, where do you turn? Overdraft? Credit card? Sometimes it’s difficult to know where to turn. MSN Money has some useful advice on this, looking at various options, including Invoice finance, asset-based lending, asset finance, investors, and overdrafts.