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.
Electronic Data Interchange
Transmission of information bet...
Depreciation
A non-cash operating expense that...
Cash Flow Test
Part of the CET that determines if...
Liabilities
A financial obligation...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant/Co-Applicant
Business entity and person requesting...
Joint Venture
In the SBA Mentor-Protégé Program...
Fair and Reasonable Price
A price that is fair to both parties...
Affiliated Group
When two or more...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
SCORE
Counselors to America's Small Bus...
Applicant Individual
aka who is requesting an SBA loan...
Primary Activity
The major business activity of...
Break-even Analysis
A calculation of the approximate sales...

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