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

 

 

 

FINANCIAL REPORTS 
Reports commonly required from applicants request for financial assistance, e.g.:
Balance Sheet - A report of the status of a firm's assets, liabilities and owner's equity at a given time.
Income Statement - A report of revenue and expense which shows the results of business operations or net income for a specified period of time.

 

Cash Flow
A report which analyzes the actual or projected source and disposition of cash during a past or future accounting period. 

 

FINANCING  
New funds provided to a business, by either loans, purchase of debt securities, or capital stock. 

 

FLOW CHART 
A graphical representation for the definition, analysis, or solution of a problem, in which symbols are used to represent operations, data, flow, equipment, etc. 

 

FORECLOSURE  
The act by the mortgagee or trustee upon default in the payment of interest or principal of a mortgage of enforcing payment of the debt by selling the underlying security. 

 

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"We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn."

-- Dr. Peter Drucker,  Austrian-born American management consultant, educator

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