QTE Business Glossary
· Business Trade lines: A trade line is a status report on an existing account where you have credit, such as a store charge card or major credit card. The lenders with whom you have these accounts voluntarily supply the status information to the major repositories of credit information.
· Business Credit: Your business credit record is the primary way that companies evaluate whether to do business with you - and on what terms. Companies rely on your business creditworthiness to make critical decisions such as lending you money to increasing your credit line.
· Business Line of Credit: An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period.
· Business Term Loan: A loan from a bank for a specific amount that has a specified repayment schedule and a floating interest rate ... Fixed-term business loan with a maturity of more than one year, providing an organization with working capital to acquire assets or inventory, or to finance plant and equipment generating cash flow.
· SBA Small Business Administration:The U.S. Small Business Administration (SBA) is an independent agency of the federal government. It was established in 1953 to encourage small business establishment and growth. The SBA itself does not directly provide financing to small business owners, but may facilitate financing through partnerships with public and private organizations.
· SBA Express:The U.S. Small Business Administration has announced the SBA’s Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses.
· SBA 7a: The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes. SBA does not make loans itself, but rather guarantees loans made by participating lending institutions.
· SBA 504: This program provides long-term, fixed-rate financing to acquire fixed assets (such as real estate or equipment) for expansion or modernization. It is designed for small businesses requiring “brick and mortar” financing, and is delivered by CDCs (Certified Development Companies)—private, non-profit corporations set up to contribute to the economic development of their communities.
· Business Credit Card:Also known as corporate credit cards, the business credit card is a credit account issued to a company. Individual cards are issued to authorized employees and officers of the company. In turn, these individuals are free to use the cards for purchases approved by the corporation. Depending on the type of credit account extended to the company, the business credit card may have an established credit limit or have no credit limit imposed.
· Business Capital: Business capital is money that is used for the investment in a project or company. Business capital is the backbone for success in any business. If a business has easy access to business capital then that company has a great advantage in the business world. One of the most popular ways to obtain capital would be through a bank.
· Business Credit: Your business credit record is the primary way that companies evaluate whether to do business with you - and on what terms. Companies rely on your business creditworthiness to make critical decisions such as lending you money to increasing your credit line.
· Business Line of Credit: An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period.
· Business Term Loan: A loan from a bank for a specific amount that has a specified repayment schedule and a floating interest rate ... Fixed-term business loan with a maturity of more than one year, providing an organization with working capital to acquire assets or inventory, or to finance plant and equipment generating cash flow.
· SBA Small Business Administration:The U.S. Small Business Administration (SBA) is an independent agency of the federal government. It was established in 1953 to encourage small business establishment and growth. The SBA itself does not directly provide financing to small business owners, but may facilitate financing through partnerships with public and private organizations.
· SBA Express:The U.S. Small Business Administration has announced the SBA’s Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses.
· SBA 7a: The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes. SBA does not make loans itself, but rather guarantees loans made by participating lending institutions.
· SBA 504: This program provides long-term, fixed-rate financing to acquire fixed assets (such as real estate or equipment) for expansion or modernization. It is designed for small businesses requiring “brick and mortar” financing, and is delivered by CDCs (Certified Development Companies)—private, non-profit corporations set up to contribute to the economic development of their communities.
· Business Credit Card:Also known as corporate credit cards, the business credit card is a credit account issued to a company. Individual cards are issued to authorized employees and officers of the company. In turn, these individuals are free to use the cards for purchases approved by the corporation. Depending on the type of credit account extended to the company, the business credit card may have an established credit limit or have no credit limit imposed.
· Business Capital: Business capital is money that is used for the investment in a project or company. Business capital is the backbone for success in any business. If a business has easy access to business capital then that company has a great advantage in the business world. One of the most popular ways to obtain capital would be through a bank.