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.
Affiliated Group
When two or more...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 1
Process used to determine the...
Intermediary Organization
Organizations that play a funda...
Best and Final Offer
For negotiated procurements...
B/E (Business EIDL) Loan
A business loan that...
Injury Analysis
Measures the effects of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Emerging Small Business
A small business concern whose...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Small Disadvantaged Business Concern
A small business concern that...
Certificate of Competency
A certificate issued by the Small Bus...
Break-even Analysis
A calculation of the approximate sales...

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