Small Business Encyclopedia
Category: Startup-financing401(k)
A retirement plan for employees that allows them to put part oftheir pre-tax salary in an account. The funds may not be withdrawnuntil employees retire without paying a penalty.
7(a) Loan Guaranty Program
The most basic and most popular of the SBA's loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the agency to provide business loans to American small businesses.
Compound Interest
Interest computed on the sum of the principle and the accrued interest
Equipment Leasing
Obtaining the use of machinery, vehicles or other equipment on a rental basis. This avoids the need to invest capital in equipment. Ownership rests in the hands of the financial institution or leasing company, while the business has the actual use of it.
LowDoc
A special SBA 7(a) loan promising quick processing for amounts less than $150,000
Trade Credit
An arrangement to buy goods or services on account, that is, without making immediate cash payment
Short-Term Loans
A loan scheduled to be repaid in less than a year
Popular Articles
How to Become an AI-Centric Business (and Why It's Crucial for Long-Term Success)
Learn the essential steps to integrate AI at the core of your operations and stay competitive in an ever-evolving landscape.
Kickstarter's CEO Explains Why the Platform Is Changing After 15 Years
In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.
Melinda French Gates Reveals Her Next Move After Leaving Gates Foundation: 'Set Your Own Agenda or Someone Else Will Set It For You'
French Gates announced that she is donating $1 billion over the next two years.
5 Steps to Preparing an Engaging Industry Presentation
You can make a great impression and generate interest with an exciting, informative presentation. Find out my five secrets to creating an industry presentation guaranteed to wow.
Amazon Fresh Is Lowering Prices on Thousands of Items to Keep Up With Competition
The grocer will offer weekly savings.
Save on a Lifetime of PDF Management for Memorial Day
Easily convert, edit, and annotate PDFs for work and business with this deal.
