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.
Partnering
A mutually beneficial business-to-bus...
Certificate of Competency
A certificate issued by the Small Bus...
Emerging Small Business
A small business concern whose...
Cash Flow Test
Part of the CET that determines if...
Phase 2
Process to be used to determine economic injury for...
Collateral
Assets pledged by a borrower to secure a loan...
Capital Leases
are for the purchase of fixed assets such as...
Joint Venture
In the SBA Mentor-Protégé Program...
Request for Proposal (RFP)
A document outlining a...
Prime Contract
A contract awarded directly...
Lien
A legal claim against an...
Days Payable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
Injury Analysis
Measures the effects of...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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