finansieringskilde

The finansieringskilde is the origin of funds used to finance a project, a business activity, or an organization. It denotes where capital comes from and how it is obtained. It is a central concept in financial planning, budgeting and capital structure. The term is a Norwegian compound of finansiering (financing) and kilde (source).

Financing sources can be internal or external. Internal sources include retained earnings, depreciation funds and working capital reallocations. External sources include debt financing (bank loans, bonds, lines of credit) and equity financing (venture capital, angel investors, private equity, public offerings) and public funding (grants, subsidies, subsidized loans). Other forms include supplier credit and crowdfunding. Grants typically provide funds with little or no obligation to repay; loans require repayment with interest; equity involves dilution of ownership.

The choice of finansieringskilde affects cost of capital, control and risk. A balanced financing mix, or capital structure, should match the organization’s stage, cash flow, risk tolerance and strategic goals. Terms to assess include interest rates, maturity, covenants, repayment schedules, eligibility, and regulatory constraints.

The process generally involves identifying financing needs, mapping potential sources, evaluating fit, preparing a business case and financial projections, approaching sources, negotiating terms, and signing agreements. Ongoing management includes monitoring covenants, repayments and reporting requirements.