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 Start a Youtube Channel: Step-by-Step Guide
YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.
Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024
With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'
The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.
Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New
The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.
Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save
The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.
