Partnership

A type of unincorporated business organization in which multiple individuals, called general partners, manage the business and are equally liable for its debts; other individuals called limited partners may invest but not be directly involved in management 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.
Comparative Analysis
Is designed to point out significant trends that...
Liabilities
A financial obligation...
Cash Flow Test
Part of the CET that determines if...
Current Liabilities
A balance sheet item, which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Acquisition
The acquiring of supplies or...
Small Disadvantaged Business Concern
A small business concern that...
Contracting Officer
A person with the authority to...
Business Activity
The business (or loss) activity of...
Projection
An estimate of future economic or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Corporation (C-corp.)
The most common form of business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Prime Contract
A contract awarded directly...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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