| A | B |
|---|
| operating costs | Ongoing expenses for operating a business. |
| reserve fund | Money that can be made available for the future expansion of a business. |
| private financing | Borrowing money from family or friends. |
| commercial debt financing | Borrowing money from a bank or other financial institution to fund a business. |
| commercial loan | A loan that finances a new or ongoing business. |
| line of credit | An arrangement in which bank customers can borrow a certain amount of money from the bank immediately. |
| secured loan | A loan that is back by collateral. |
| unsecured loan | A loan that does not require collateral from the borrower. |
| Small Business Administration (SBA) | An independent agency of the federal government that offers assistance to people who are starting or expanding small businesses. |
| LowDoc Program | A government loan program where businesses submit a one-page application with a small amount of documentation for loans less than $150,000. |
| business credit card | A credit card that is issued to a business rather than to an individual. |
| private investor | A person who provides funding because he or she is interested in helping a new business to succeed. |
| commercial finance company | A firm that lends money only to businesses. |
| venture capital firm | A company that provides private funding for small businesses that need a substantial amount of immediate cash. |
| Small Business Investment Companies | Private investment firms that work with the Small Business Administration to provide longer-term funding for small businesses. |
