Glossary Of Small Business Terms part 17

company's profits. Equity financing includes long-term subordinated securities containing stock options and/or warrants. Utilized in SBIC financing activities.

EQUITY PARTNERSHIP A limited partnership arrangement for providing start-up and seed capital to businesses.

ESCROW ACCOUNTS Funds placed in trust with a third party, by a borrower for a specific purpose and to be delivered to the borrower only upon the fulfillment of certain conditions.

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

EWCP The Export Working Capital (EWCP) Program was designed to provide short term working capital to exporters. The EWCP is a combined effort of the SBA and the Export- Import Bank. The two agencies have joined their working capital programs to offer a unified approach to the government's support of export financing. The EWCP uses a one page application form and streamlined documentation with turnaround usually 10 days or less. A letter of prequalification is also available from the SBA.

EXPORT ASSISTANCE CENTER USEAC A USEAC is a one-stop center conducted by the SBA and the Department of Commerce to provide small and medium sized businesses with export information.

EXPORT WORKING CAPITAL The Export Working Capital (EWCP) Program was designed to provide short-term working capital to exporters. The EWCP is a combined effort of the SBA and the Export-Import Bank. The two agencies have joined their working capital programs to offer a unified approach to the government's support of export financing. The EWCP uses a one-page application form and streamlined documentation with turnaround usually 10 days or less. A letter of prequalification is also available from the SBA.

FAIR AND REASONABLE PRICE A price that is fair to both parties, considering the agreed-upon conditions, promised quality, and timeliness of contract performance. "Fair and reasonable" price is subject to statutory and regulatory limitations.

FAIR MARKET VALUE What a qualified buyer will pay for goods, services, or property.

FAQs Frequently Asked Questions (FAQs)

FAR -Federal Acquisition Regulation Commonly referred to as the "FAR," the Federal Acquisition Regulations System was established for the codification and publication of uniform policies and procedures for acquisition of goods and services by all executive agencies. Choosing More... will take you to the FAR site.

Glossary Of SmallBusiness Terms part 18

DYNAMAX BUSINESS CREDIT