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.
Cash-basis Accounting
records revenue when cash is...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Collateral
Assets pledged by a borrower to secure a loan...
S-Corporation
A form of corporation, allowed by...
Limited Partnership
A business organization with one or...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
Adjusted Net Worth
Post disaster fair market value of tangible...
Joint Venture
In the SBA Mentor-Protégé Program...
SCORE
Counselors to America's Small Bus...
Phase 1
Process used to determine the...
Equity
An accounting term used to...
Small Business
A business smaller than...
Days Receivable
A measure of the average time a...
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.