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.
Credit Score Test
Part of the home loan CET show a...
Fair and Reasonable Price
A price that is fair to both parties...
Break-even Analysis
A calculation of the approximate sales...
Cash Flow Test
Part of the CET that determines if...
Subsidiary
A company for which a majority of the...
Intermediary Organization
Organizations that play a funda...
Assets
The amount of current assets that is left...
Affiliate
Business concerns are affiliates if one concern...
Current Liabilities
A balance sheet item, which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Operating Leases
are deducted on the company’s...
Cash-basis Accounting
records revenue when cash is...
Guarantor
The legal entity and...
Collateral
Assets pledged by a borrower to secure a loan...
Depreciation
A non-cash operating expense that...

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