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.

Certified 8(a) Firm

A firm owned and operated by socially and...

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Assets

The amount of current assets that is left...

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Days Payable

A measure of the average time a...

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Intermediary Organization

Organizations that play a funda...

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Prime Contract

A contract awarded directly...

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Projection

An estimate of future economic or...

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Cash Flow Test

Part of the CET that determines if...

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Adjusted Net Worth

Post disaster fair market value of tangible...

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Negotiation

Contracting through the use of...

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Small Business

A business smaller than...

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Small Disadvantaged Business Concern

A small business concern that...

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Available Asset Test

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

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Request for Proposal (RFP)

A document outlining a...

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Fair and Reasonable Price

A price that is fair to both parties...

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Cash Available to Service Additional Debt (CASAD)

The cash flow determined that...

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