Limited Liability Entities (company/partnership)

An LLE provides business owners with the favorable liability protection of corporations with the informality and tax advantages available to partnerships. It is a pass-through entity, like a partnership where the taxable income or loss is reported on the tax returns of the owners.

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.
Partnering
A mutually beneficial business-to-bus...
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Primary Activity
The major business activity of...
GPM%
The measure of every sales dollar left...
Working Capital (WC)
The amount of current assets that...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...
Intermediary Organization
Organizations that play a funda...
Physical Loans
Funds to repair/replace dis...
Depreciation
A non-cash operating expense that...
Cash-basis Accounting
records revenue when cash is...
Guarantor
The legal entity and...
Days Payable
A measure of the average time a...

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