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.
Equity
An accounting term used to...
SCORE
Counselors to America's Small Bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Days Receivable
A measure of the average time a...
Trend Analysis
A comparative analysis of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Subsidiary
A company for which a majority of the...
Amortization
A non-cash operating expense that...
Assets
The amount of current assets that is left...
GPM%
The measure of every sales dollar left...
B/E (Business EIDL) Loan
A business loan that...
Applicant Individual
aka who is requesting an SBA loan...
Applicant Entity
The business entity requesting...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

Get the quick rundown on SBA Loans

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