some of these needs are more pressi

some of these needs are more pressing than others .
(a)working capital . working capital is often financed by overdraft - this it a result of lagged payments and receipts as discussed earlier and the willingness of bussinesses to offter credit .
(b)long-termfinance is used for major investments . capital expenditure is easier to put off than , say , wages in a crisis , but a long-term failure to invest can damage the business and reduce its capacity .
(c)thirdly , the borrowing might be required to finance assets over seas , in which case the currency of the borrowing might be important.
bank borrowing can be obtained in the following ways .
* overdraft . acompany , through its current account , can borrow money on a