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.
Companion File
When an applicant has another application filed...
Affiliates
Business concerns, organizations, or...
Equity
An accounting term used to...
Break-even Analysis
A calculation of the approximate sales...
Normal Annual Sales
Those sales that would have...
Extraordinary Items
Additional expenses that are...
Full and Open Competition
With respect to a contract action...
GPM%
The measure of every sales dollar left...
Credit Elsewhere Test (CET)
The test to determine the...
Trend Analysis
A comparative analysis of...
Contracting
Purchasing, renting, leasing, or...
Principal
the owner(s) of the Applicant Entity that...
Acquisition
The acquiring of supplies or...
Negotiation
Contracting through the use of...
Hardship Waiver
Method used to approve a...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.