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.
Duplicated Interest
The amount of interest exp...
Income Statement
Shows the entity’s income and...
Intermediary Organization
Organizations that play a funda...
Certified 8(a) Firm
A firm owned and operated by socially and...
Corporation (C-corp.)
The most common form of business org...
Trend Analysis
A comparative analysis of...
Phase 1
Process used to determine the...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnering
A mutually beneficial business-to-bus...
Normal Gross Margin
The margin that would have been...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business
A business smaller than...
Current Assets
A balance sheet item which equals...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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