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.

Explore 7a loans

SBA 504 Loans

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

Explore 504 loans

SBA Microloans

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

Explore microloans

SBA Glossary

Common SBA Terms

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

Credit Elsewhere Test (CET)

The test to determine the...

Go to full definition ->

Assets

The amount of current assets that is left...

Go to full definition ->

Companion File

When an applicant has another application filed...

Go to full definition ->

Depreciation

A non-cash operating expense that...

Go to full definition ->

Normal Annual Sales

Those sales that would have...

Go to full definition ->

Certified 8(a) Firm

A firm owned and operated by socially and...

Go to full definition ->

Affiliated Group

When two or more...

Go to full definition ->

Cash Available to Service Additional Debt (CASAD)

The cash flow determined that...

Go to full definition ->

Phase 2

Process to be used to determine economic injury for...

Go to full definition ->

SCORE

Counselors to America's Small Bus...

Go to full definition ->

Substantial Damage

This means uninsured or otherwise uncompensated...

Go to full definition ->

Available Asset Test

Part of the CET that determines if an applicant(s) has...

Go to full definition ->

B/E (Business EIDL) Loan

A business loan that...

Go to full definition ->

Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

Go to full definition ->

Break-even Analysis

A calculation of the approximate sales...

Go to full definition ->

Get the quick rundown on SBA Loans

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