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Small Business Ch 12

Small Business Management Ch 12

7(a) Loan Guaranty Program Loan program that helps small companies obtain finaning through a guaranty provided by the SBA.
7(m) Microloan Program SBA loan program that provides short-term loans of up to $35,000 to small businesses and not-for-profit child-care cneters.
Accounts Pyable (Trade Credit) Financing provided by a supplier of inventory to a given compnay.
Asset-Based Loan A line of credit secured by working-capital assets.
Balloon Payment A very large payment that the borrower may be required to make at a specified point about halfway through the term over which the payments were calculated, repaying the rest of the loan in full.
Business Angels Private individuals who invest in others' entrepreneurial ventures.
Certified Development Company (CDC) 504 Loan Program SBA loan program that provides long-term financing for small buinesses to acquire real estate or machinery and equipment.
Chattel Mortgage A loan for which items of inventory or other movable property serve as collateral.
Community-Based Financial Institution A lender that uses funds from federal, state, an private sources to provide financing to small businesses in low-income communities.
Equipment Loan An installment loan from a seller of machinery used by a business.
Factoring Obtained cash by selling accounts receivable to another firm.
Formal Venture Capitalists Individuals who form limited partnerships for the purpose of raising venture capital from large institutional investors.
Informal Venture Capital Funds provided by wealthy private individuals (business angels) to high-risk ventures.
Initial Public Offering (IPO) The issuance of stock that is to be traded in public financial markets.
LIBOR (London InterBank Offered Rate) The interest rate charged by London banks on loans to other London banks.
Limited Liaility The restrictions of an owner's legal financial responsibilities to the amount invested in the business.
Line of Credit An informal agreement between a borrower and a bank as to the maximum amount of funds the bank will provide at any one time.
Prime Rate The interest rate charged by commercial banks on loans to their most creditworthy customers.
Private Placement The sale of a firm's capital stock to selected individuals.
Purchase-Order Financing Lender advances the amount of the borrower's cost of goods sold for a specific customer order.
Real Estate Mortgage A long-term loan with real property held as collateral.
Return on Assets Rate of return earned on a firm's total assets invested, computed as operating profits divided by total assets.
Return on Equity Rate of return earned on the owner's equity investment, computed as net profits divided by owners' equity investment.
Revolving Credit Agreement A legal commitment by a bank to lend up to a maximum amount.
Samll Business Innovative Research (SBIR) Program A government program that helps to finance companies that plan to transform laboratory research into marketable products.
Samll Business Investment Companies (SBICs) Privately owned banks, regulated by the Small Business Adminstration, that provide long-term loans and/or equity capital to small businesses.
Term Loan Money loaned for a 5- to 10-year term, corresponding to the length of time the investment will bring in profits.
Created by: dengler
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