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.
B/E (Business EIDL) Loan
A business loan that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliated Group
When two or more...
Liabilities
A financial obligation...
Working Capital (WC)
The amount of current assets that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Primary Activity
The major business activity of...
Adjusted Net Worth
Post disaster fair market value of tangible...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Fair and Reasonable Price
A price that is fair to both parties...
Depreciation
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Assets
The amount of current assets that is left...
Business Activity
The business (or loss) activity of...

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