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Blog Business Financing 3 min read

Lending Terms Business Owners Need to Know

Many business owners haven’t had the opportunity to attend fancy college programs in business and finance. Nonetheless, there are many terms related to loans and credit that you need to understand, especially if you are about to apply for your first business loan. Here is IOU Fin…
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ACH Transfer:

Annual Percentage Rate (APR):

Application Pre-approval Rate:

Better Business Bureau Rating:

Business Credit Report:

Fixed Loan Payments:

Funding Time:

Interest Type:

Loan Application:

Loan Renewal:

Loan Term:

Maximum Loan Amount:

Prepayment Penalty:

Pre-qualification Requirements:

Simple Interest Loan:

Small Business:

Upfront Costs:

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