Individuals or firms that invest money professionally to make money, expect a large capital gain, and look for higth growth potential.
What is venture capitalists
100
short-term loan
What is borrowed money that must be repaid within oe year
100
Sources of funding that require the money borrowed to be paid backwith intrest.
What is Debt sources
100
long- term loan
What is Borrowed money that is repayable over a period longer than a year
200
Net worth
What is The monetary value of the business; assets minus liabilities
200
Funds provided to entrepreneurs by the state in an effort to encourage economic development and creation of jobs.
What is State-sponsored venture capital funds
200
Contingency fund
What is cash that is set aside fro unexpected needs of the business
200
Capital sources that trade cash for some portion of ownership in the business: sometimes caled rick capital because the investor puts his/her money at risk.
What is Equity sources
200
personal expenses
What is Expenses incurred by the entre preneur for goods and services for personal use rather than for use in the business.
300
Lines of credit
What is Agreements made by a bank to lend at a stated intrest rate whenever the owner needs it A fee charged for the privilege whether the money isused or not, and interest is changed on any money that is used.
300
Short-term financing that allows an entrepreneur credit from vendors within the business's industry or trade
What is Trade credit
300
Continuing costs
What is The ongoing expenses resulting from thoperation of the business
300
The costs of doing busines; all business expenses exept the cost of goods sold
What is expenses
300
Repayment plan
What is A plan indicating how and when debts of the business will be paid
400
Private investor (angels)
What is wealthy individuals functioning as non-professional investors who are willing to invest in local businesses for financial or emotional reasons and who sometimes prefer to remain anonymous
400
Operated by the government to provie technical assistance at low- interest rates
What is Government agencies
400
Credit Union
What is Cooperatives formed by labor unions or employess for the benefit of the members.
400
expenses that remain the same for a period of time; must be paid regardless of the quantity of a good or service produced/sold
What is fixed costs
400
secured loan
What is a loan that is backed by collaeral
500
Variable costs
What is Expenses that may change from month to month depending on the needs of the business; costs that increase and decrease with the quantity of the goods or service produced/sold.
500
A loan that is not guaranteed by collateral
What is unsecured loans
500
Credit worthy
What is Willing and able to repay a debt.
500
Depts owed by the business
What is Liabilities
500
start up costs
What is one- time exenses an entrpreneur incurs when starting a business