(SBA) a
federal agency charged with assisting small businesses.
A business
that is independently owned and managed and does not dominate
its market.
A business
that sells products manufactured by other firms directly to
consumers.
A business
that buys products from manufacturers or producers and then
sells them to retailers.
A business
formed for the specific purpose of allowing its owner to live a
certain lifestyle.
A business
that has rapid growth as its fundamental goal from the start.
Collections of
small investors that invest money in companies with rapid growth
potential.
(SBICs)
Federally licensed companies that borrow money from the SBA and
invest it in or loan it to small businesses.
(MESBICs)
Federally sponsored companies that specialize in financing
businesses owned and operated by minorities.
An SBA loan
program in which small businesses borrow from a commercial
lender, with the SBA guaranteeing to repay 75 to 85 percent of
the loan up to $750,00
An SBA loan
program in which small businesses are loaned funds put up
jointly by banks and the SBA.
(IDCs) program
An SBA loan program in which the SBA works with a profit or
nonprofit corporation founded by local citizens who want to
boost their community's economy.
A
"sheltered environment" for new businesses that
generally includes cost sharing and other subsidies.
An independent
specialist hired from outside the company who helps managers
solve business problems.
(SCORE) An SBA
program in which retired successful executives work with small
businesses on a volunteer basis.
(ACE) An SBA
program in which currently, employed, executives work with small
businesses on a volunteer basis.
(SBI) An SBA
program in which students and instructors at collages and
universities work with small business people to help solve
specific problems.
An SBA program
designed to consolidate information from various disciplines and
to make this knowledge available to new and existing small
business.
Interactions,
often informal, among business people for the purpose of
discussing mutual, problems, solutions, and opportunities.
An arrangement
in which a buyer (the franchisee) purchases the right to sell
the good or service to the seller (the franchiser).
