Glossary

The world of alternative lending isn’t complicated, but there are some key terms business owners should be acquainted with. Here are several keywords and phrases across several categories.

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First Name

Last Name

Phone Number

Email Address

What is Your Monthly Revenue?

Desired Funding Amount

Business Name

Do You Have A Business Bank Account?

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A

Account Receivables Financing

Accrual Basis Accounting

Annual Revenue

Appraisal

AR-Statement

Asset

B

Breakeven Point

Business Acquisition

Business Certificate of Deposit

Business Checking Account

Business Credit

Business Credit Card

Business Goodwill

C

Capital

Capital Gain

Capital Gains Tax

Capital Loss

Cash Basis Accounting

Cash Flow

Cash out

Certificate of Incorporation

Certified Public Accountant (CPA)

Collateral

Corporation

Credit Card Receivables

Credit Card Vendors

Credit Score

D

DNB

DUNS Number

E

Enterprise Zone

Equipment Financing

F

FICO Score

Filing Receipt

Financial Accounting Standards Board (FA)

Financial Projection

Finished Goods

First In First Out (FIFO)

Full Document

G

Generally Accepted Accounting Principles

Gross Profit

Gross Sales

I

Inventory

L

Last In First Out (LIFO)

Legal Name of Business

Liability

Lien

Limited Liability Company

Limited Partnership

Line of Credit

Liquidation

Liquidation Value

Liquidity

Loan to Value (LTV)

Lower Cost or Market Cost

M

Mixed Use Property

Modified Accrual Basis Accounting

Mortgage

Multifamily property

Mutual Agency

N

Net Assets

Net Operating Loss

O

Operating Agreement

Operating Lease

Operating Leverage

Operating Performance Ratio

Owners Equity

P

Partnership