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.
Full and Open Competition
With respect to a contract action...
Operating Leases
are deducted on the company’s...
Working Capital (WC)
The amount of current assets that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Amortization
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Hardship Waiver
Method used to approve a...
Defense Contractor
Any person who enters into...
Capital Leases
are for the purchase of fixed assets such as...
Partnering
A mutually beneficial business-to-bus...
Current Liabilities
A balance sheet item, which...
Sole Proprietor
an individual who...
Affiliates
Business concerns, organizations, or...
Partnership
A type of unincorporated business org...
Income Statement
Shows the entity’s income and...

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