Interest is the charge for the privilege of borrowing money, typically expressed as annual percentage …
jumbo loan
A jumbo loan, also known as a jumbo mortgage, is a form of home financing …
landlord waiver
As know as the SBA landlord subordination agreement The landlord is “subordinating” their rights to …
liabilities
Liabilities are the money that a company owes to outside parties, from bills it has …
licensed to operate
Most small businesses need a combination of licenses and permits from both federal and state …
LOI
Letter of Interest or Letter of Intent. Written communication issued by a lender in response …
MCA loan
A Merchant Cash Advance (MCA) is not actually a loan. It is an advance on …
operating agreement
An LLC Operating Agreement is a legal document that outlines the ownership and member duties …