BANKING STUDIES LENDING STUDIES The Office of
Advocacy annually analyzes call report data collected by the Federal Reserve on
the lending activity of about 8,500 individual reporting commercial banks.
Banks are ranked based on their small business lending on a state-by-state
basis.
BANKRUPTCY A condition in which a business cannot meet
its debt obligations and petitions a federal district court for either
reorganization of its debts or liquidation of its assets. In the action the
property of a debtor is taken over by a receiver or trustee in bankruptcy for
the benefit of the creditors. This action is conducted as prescribed by the
National Bankruptcy
Act, and may be voluntary or involuntary.
BEST AND FINAL OFFER For negotiated procurements, a
contractor's final offer following the conclusion of discussions. BIC Business
Information Center One of more than 80 specialized U.S. Small Business Administration
units which offer the latest in high-technology hardware, software and telecommunications
to assist small business PLUS one-on-one counseling through SCORE and/or Small
Business Development Center (SBDC) staff. Each BIC offers electronic bulletin
boards, computer data bases, on-line information exchange, periodicals and
brochures, counseling, video tapes, reference materials, texts, start-up guides,
application software, computer tutorials and interactive media.
BID BOND A type of surety bond wherein the surety
company guarantees the bidder will enter into a contract and furnish the
required payment and performance bonds.
BOOK VALUE The value of an item or property at a
specific time after deducting depreciation from original cost.
BREAK-EVEN POINT The break-even point in any business is that
point at which the volume of sales or revenues exactly equals total expenses
-the point at which there is neither a profit nor loss -under varying levels of
activity. The break-even point tells the manager what level of output or
activity is required before the firm can make a profit; reflects the
relationship between costs, volume and profits.
BUNDLING REPORT The purpose of this page is to provide a
system to alert SBA's Office of Government Contracting of contract bundling
practices on the part of federal agencies that preclude a small business from
successfully competing for a contract.
BUSINESS BIRTH Formation of a new establishment or
enterprise.
BUSINESS CARD(S) 1. A card identifying a business and an
individual associated with that business. 2. An area of the SBA website for
displaying business cards. NOTICE: Inclusion in SBA ONLINE BUSINESS CARDS does
not constitute or imply an endorsement of any opinions, products and/or
services of the listed company by SBA ONLINE or the U.S. Small Business
Administration. Moreover, SBA Online and the U.S.
Glossary Of Small
Business Terms part 5
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