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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Current Assets
A balance sheet item which equals...
Mentor
A business, usually large, or...
Normal Gross Margin
The margin that would have been...
Certificate of Competency
A certificate issued by the Small Bus...
Working Capital (WC)
The amount of current assets that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Injury Period
The time period during...
Subsidiary
A company for which a majority of the...
GPM%
The measure of every sales dollar left...
Days Payable
A measure of the average time a...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.