Methods+of+Obtaining+Finance

__**Topic 6 - Methods of Obtaining Finance **__

 The Scottish Prison Service could raise more funds by having charity events or by selling items that they no longer need. They could also use the government and ask for an overdraft so they could buy what they need or provide things for the prisoners although they would have to pay back what they took out and the bank can add interest rates if they don’t payback the money on time. Another way of obtaining finance would be to have a hire purchase so that they don’t have to pay back all the money that they owe in one shot they can pay it back over a period of time so this helps them to keep money back. The SPS could also ask the government for a loan or they could get an overdraft so that they dont have to payback the money immediately and allows the business to make some profits before they have to pay it all back.