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.
Contracting Officer
A person with the authority to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Current Assets
A balance sheet item which equals...
Contract
A mutually binding legal rel..
Electronic Data Interchange
Transmission of information bet...
Collateral
Assets pledged by a borrower to secure a loan...
Principal
the owner(s) of the Applicant Entity that...
Subsidiary
A company for which a majority of the...
Current Liabilities
A balance sheet item, which...
Sole Proprietor
an individual who...
Guarantor
The legal entity and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Affiliate
Business concerns are affiliates if one concern...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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