MENTOR A business, usually large, or other
organization that has created a specialized program to advance strategic
relationships with small businesses.
MENTOR 8(a) The U.S. Small Business
Administration’s (SBA) Mentor-Protégé program enhances the capability of 8(a)
participants to compete more successfully for federal government contracts. The
program encourages private-sector relationships and expands SBA’s efforts to
identify and respond to the developmental needs of 8(a) clients.
MENTOR BusinessLINC The Mentor Network is composed
of large businesses that have created specialized programs that advance
strategic relationships with small businesses. These programs range from
classroom teaching, to one-on-one technical assistance, to peer groups and
advisory boards, to supplier development programs. Often these programs lead to
the development of business relationships that may lead to subcontracting
opportunities or other business opportunities.
MERGER A combination of two or more corporations
wherein the dominant unit absorbs the passive ones, the former continuing operation
usually under the same name. In a consolidation two units combine and are
succeeded by a new corporation, usually with a new title.
MICROENTERPRISE DEVELOPMENT The mission of the
Interagency Workgroup on
Microenterprise
Development is to better coordinate the work of federal agencies involved in
microenterprise efforts and to develop a coherent framework for federal
government efforts to promote microenterprise.
MICROLOAN PROGRAM The MicroLoan Program provides very small
loans to start-up, newly established, or growing small business concerns. Under
this program, SBA makes funds available to nonprofit community based lenders
(intermediaries) which, in turn, make loans to eligible borrowers in amounts up
to a maximum of $35,000. The average loan size is about $10,500. Applications
are submitted to the local intermediary and all credit decisions are made on
the local level.
MONEY A full listing of loan programs is on our web site in
the Financing Your Business area.
MORTGAGE An instrument giving legal title to secure
the repayment of a loan made by the mortgagee (lender). In legal contemplation
there are two types: (1) title theory - operates as a transfer of the legal
title of the property to the mortgagee, and (2) lien theory-creates a lien upon
the property in favor of the mortgagee.
Glossary Of Small
Business Terms part 28
No comments:
Post a Comment