There are 8 names in this directory beginning with the letter O.
Operating Company (OC)
A business actively involved in conducting business operations now, or about to be located on, real property owned by an eligible passive company (EPC).
Operation and Maintenance Plan (O & M Plan)
An O & M Plan is generally put into place by businesses with existing or potential environmental concerns such as asbestos, lead contamination, etc. It sets forth the guidelines for identifying, monitoring and dealing with existing or potential environmental problems as well as complying with governmental regulations.
Origination Fee or Points
An up-front fee charged by a lender for processing and committing to make a loan. Origination fees are quoted as a percentage of the total loan (ex. 1% of $200,000 = $2,000).
The amount of money that the business owner takes out of the business. When analyzing a small loan request, lenders will often review the owner's personal living expenses to determine the minimum salary or draw that is required by the business owner(s) to cover personal expenses and this amount, at a minimum will be deducted when determining Debt Service Coverage for the business loan.