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...
Hardship Waiver
Method used to approve a...
Credit Score Test
Part of the home loan CET show a...
Depreciation
A non-cash operating expense that...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...
Substantial Damage
This means uninsured or otherwise uncompensated...
Negotiation
Contracting through the use of...
Phase 2
Process to be used to determine economic injury for...
Fair and Reasonable Price
A price that is fair to both parties...
Joint Venture
In the SBA Mentor-Protégé Program...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
S-Corporation
A form of corporation, allowed by...
Subsidiary
A company for which a majority of the...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.