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.
Lien
A legal claim against an...
Current Liabilities
A balance sheet item, which...
Phase 1
Process used to determine the...
Certified 8(a) Firm
A firm owned and operated by socially and...
GPM%
The measure of every sales dollar left...
Limited Partnership
A business organization with one or...
Business Activity
The business (or loss) activity of...
Capital Leases
are for the purchase of fixed assets such as...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
NAICS
NAICS codes are common...
Cash-basis Accounting
records revenue when cash is...
Contracting
Purchasing, renting, leasing, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Substantial Damage
This means uninsured or otherwise uncompensated...

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