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.
Contract
A mutually binding legal rel..
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Fair and Reasonable Price
A price that is fair to both parties...
Duplicated Interest
The amount of interest exp...
GPM%
The measure of every sales dollar left...
Operating Leases
are deducted on the company’s...
Liabilities
A financial obligation...
Cash-basis Accounting
records revenue when cash is...
Injury Period
The time period during...
NAICS
NAICS codes are common...
Sole Proprietor
an individual who...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contractor Team Arrangement
An arrangement in which...
Business Activity
The business (or loss) activity of...
Break-even Analysis
A calculation of the approximate sales...

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