Tag
Equity and debt
2articles
November 2026
2 articles on this page
Corporate finance10 min readBorrow or sell equity? Four capital-structure theories for SME owners
For owners of small firms choosing between a bank loan, a new investor and retained profit. Four capital-structure theories give four different answers; this article tests each on one invented example with the arithmetic shown, and says where the theories contradict each other.
Corporate finance10 min readA funding map for a new venture: what each source costs you
For a founder who has spent their own money and must choose the next source. Each group of sources charges a different price: ownership, a repayment schedule, delivery duties to backers, or time. Includes a hypothetical worked example, arithmetic and a worksheet.