Business 105- Chapter 5
Franchisor
-individuals or organization granting a franchise -gives
Venture Capital
-money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
Small Business Investment Companies
-privately owned and managed investment companies that are licenses by the SBA and provide long-term financing for small businesses.
Franchising
-the actual granting of a franchise
SBA Financial Assistance
-while the SBA does provide a limited amount of direct financial assistance (loans/grants, etc.) to small businesses, its primary financial function is to guarantee loans to eligible businesses.
Franchisee
- a person who buys a franchise -recieves
Small Business
-a business which is independently owned and operated and is not dominant in its field of operations.
Small Business Administration (SBA)
-a government-funded organization that helps small-business owners borrow money as well as manage their businesses more efficiently.
Franchise
-a legal agreement that gives an individual the right to market a company's products or services in a particular area.
SBA Management Assistance
-free individual counseling, course, conferences, workshops, and publications