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Funding Dictionary

Other Business Term

Advisory Board

Young companies with high aspirations often start with informal mentors, then add specialized advisors, and develop a more formal advisory board over time. Functionally an advisory board does everything that mentors and...

Bootstrapping Term

Public Library

Most people know that a public library is a free resource for books. It can be a terrific resource for bootstrapping businesses for several reasons. First and foremost you should be borrowing business books from your...

Debt Term

Intermediary (lender)

The Small Business Administration (SBA) guarantees loans that are actually provided by a bank that sits “in the middle” of the transaction between a small business and the SBA. That lender “in the middle” is sometimes...

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