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How SBA helps America's entrepreneurs

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QUALIFIED EMPLOYEE TRUSTS LOAN PROGRAM
The objective of this program is to provide financial assistance to Employee Stock Ownership Plans. The employee trust must be part of a plan sponsored by the employer company and qualified under regulations set by either the Internal Revenue Service Code (as an Employee Stock Ownership Plan or ESOP) or the Department of Labor (the Employee Retirement Income Security Act or ERISA). Applicants covered by the ERISA regulations must also secure an exemption from the Department of Labor regulations prohibiting certain loan transactions.
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QUICK RATIO
Current assets less inventories divided by current liabilities. Also called "acid ratio."
QUALIFIED EMPLOYEE TRUSTS LOAN PROGRAM
The objective of this program is to provide financial assistance to Employee Stock Ownership Plans. The employee trust must be part of a plan sponsored by the employer company and qualified under regulations set by either the Internal Revenue Service Code (as an Employee Stock Ownership Plan or ESOP) or the Department of Labor (the Employee Retirement Income Security Act or ERISA). Applicants covered by the ERISA regulations must also secure an exemption from the Department of Labor regulations prohibiting certain loan transactions.
More...
QUICK RATIO
Current assets less inventories divided by current liabilities. Also called "acid ratio."

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* Last modified: 12/16/2008 10:27:49 AM