Subordination Agreement

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A Subordination Agreement is when a creditor is placed in a lower priority for the collection of its debt from its debtor’s assets than the priority the creditor previously had….

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Statement of Work

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A Statement of Work (SOW) is a document, routinely employed in the field of project management, which defines project-specific activities, deliverables, and their respective timelines, all of which form a…

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Small Business Loan

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A Small Business Loan is an all-encompassing term used to describe the many ways you can get funds to start or buy a business. Banks, factors, leasing companies, the seller…

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Small Business Financing

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Whether you are a start-up or existing company, there exists a type of small business financing to fund your dreams and growth. SBA loans, Invoice Factoring, Purchase Order Financing, Equipment…

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Reverse Factoring

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Reverse factoring, also known as supplier finance or confirmed payables financing, is a financial arrangement that allows suppliers to receive early payment on their invoices at a discount, with the…

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Retention (Contractors)

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Retention is the percentage of payments for a job in a process that is held back to ensure adequate performance. Retention is considered an ineligible A/R because it takes a…

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Request for Proposal (RFP)

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Request For Proposal (RFP) is a type of bidding solicitation in which a company or organization announces that funding is available for a particular project or program, and companies can…

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