The term
"specific business purpose" refers to a clear and well-defined objective that is directly related to the operations or activities of a company.
Full definition
Finally, the SBA notes that loans that they guarantee are only to be used
for specific business purposes, including «the purchase of real estate to house the business operations; construction, renovation, or leasehold improvements; acquisition of furniture, fixtures, machinery, and equipment; purchase of inventory; and working capital.»
Only individuals with
a specific business purpose can check your score.
The IRS says that only expenses that have
a specific business purpose can be deducted.
Access to your information is restricted only to authorized staff with a legitimate and
specific business purpose.
Making art stopped being fun, and unless it was for
a specific business purpose, I stopped making art.
Spurn says Venn's greatest challenge was staying true to
its specific business purpose in its day - to - day decision making and action taking.