Source: SBA.gov

Limited Partnership

A business organization with one or more general partners, who manage the business and assume legal debts and obligations, and one or more limited partners, who do not participate in day-to-day operations and are liable only to the extent of their investments.

Updated on

September 9, 2022

Published on

June 20, 2018

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

B/E (Business EIDL) Loan

A business loan that...

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Credit Elsewhere Test (CET)

The test to determine the...

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Principal

the owner(s) of the Applicant Entity that...

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Working Capital (WC)

The amount of current assets that...

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SCORE

Counselors to America's Small Bus...

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Duplicated Interest

The amount of interest exp...

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Defense Acquisition Regulatory Council (DARC)

A group composed of rep...

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Emerging Small Business

A small business concern whose...

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Affiliated Group

When two or more...

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Phase 1

Process used to determine the...

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Full and Open Competition

With respect to a contract action...

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Corporation (C-corp.)

The most common form of business org...

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Certified 8(a) Firm

A firm owned and operated by socially and...

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Adjusted Net Worth

Post disaster fair market value of tangible...

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Normal Gross Margin

The margin that would have been...

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