Small Business
Administration assume no liability for the accuracy of data or for the results
of any contact with any company so listed. Your entered card will automatically
go into our database; it will be reviewed to make sure that the written content
does not offend our visitors and the public. SBA reserves the right to make
minor edits to the content to conserve space.
BUSINESS CONCERN A business concern eligible for assistance
as a small business is a business entity organized for profit, with a place of
business located in the United States, and which operates primarily within the
United States or makes a significant contribution to the US economy through
payment of taxes or use of American products, materials, or labor.
BUSINESS DEATH Voluntary or involuntary closure of a firm
or establishment.
BUSINESS DISSOLUTION For enumeration purposes, the absence
from any current record of a business that was present in a prior time period.
BUSINESS FAILURE The closure of a business causing a loss to
at least one creditor.
BUSINESS INFORMATION CENTER (BIC) 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 with seasoned business veterans from SCORE
and/or staff from a Small Business Development Center (SBDC). 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.
BUSINESS PLAN A comprehensive planning document which
clearly describes the business developmental objective of an existing or
proposed business applying for assistance in SBA's 8(a) or lending Programs.
The plan outlines what and how and from where the resources needed to
accomplish the objective will be obtained and utilized.
BUSINESS START For enumeration purposes, a business with a
name or similar designation that did not exist in a prior time period. BusinessLINC
Beginning June 5, 1998, the BusinessLINC initiative began encouraging more
private sector business-to-business linkages that enhance the economic vitality
and competitive capacity of small businesses, particularly those located in
economically distressed urban and rural areas. The name conveys the full range
of business-to-business assistance programs. The LINC acronym stands for
"Learning, Information, Networking, Collaboration." This is a joint
effort between the Department of the Treasury and the SBA.
CAAC See Civilian
Agency Acquisition Council.
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