If a Small Business Loan Is Sought, There Are Probably

question 3

Short Answer

If a small business loan is sought, there are probably several local _______ that may participate in federal lending programs to support small companies.

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Definitions:

Lost Revenue

Refers to the money that a business could have earned but did not, due to various factors such as cancelled services or unsold inventory.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Continuous-process Production

A manufacturing method where materials are continuously fed into the process, resulting in a constant output of finished products.

Automated System

A system that operates or controls a process through the use of advanced technologies, reducing or eliminating the need for human intervention.