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ESTABLISHMENT  
A single-location business unit, which may be independent - called a single- establishment enterprise - or owned by a parent enterprise.  

 

 

 

FINANCIAL REPORTS 
Reports commonly required from applicants request for financial assistance, e.g.:
Balance Sheet - A report of the status of a firm's assets, liabilities and owner's equity at a given time.
Income Statement - A report of revenue and expense which shows the results of business operations or net income for a specified period of time.

 

Cash Flow
A report which analyzes the actual or projected source and disposition of cash during a past or future accounting period. 

 

FINANCING  
New funds provided to a business, by either loans, purchase of debt securities, or capital stock. 

 

FLOW CHART 
A graphical representation for the definition, analysis, or solution of a problem, in which symbols are used to represent operations, data, flow, equipment, etc. 

 

FORECLOSURE  
The act by the mortgagee or trustee upon default in the payment of interest or principal of a mortgage of enforcing payment of the debt by selling the underlying security. 

 

FRANCHISING  
A continuing relationship in which the franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing, and managing in return for a consideration. Franchising is a form of business by which the owner (franchisor) of a product, service, or method obtains distribution through affiliated dealers (franchisees). The product, method, or service being marketed is usually identified by the franchisor's brand name, and the holder of the privilege (franchisee) is often given exclusive access to a defined geographical area.  


GROSS DOMESTIC PRODUCT (GDP) 
The most comprehensive single measure of aggregate economic output. Represents the market value of the total output of the goods and services produced by a nation's economy. 

 

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