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.
S-Corporation
A form of corporation, allowed by...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Duplicated Interest
The amount of interest exp...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
B/E (Business EIDL) Loan
A business loan that...
Phase 1
Process used to determine the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Full and Open Competition
With respect to a contract action...
Contract
A mutually binding legal rel..
Applicant/Co-Applicant
Business entity and person requesting...
Limited Partnership
A business organization with one or...
Liabilities
A financial obligation...
Subcontract
A contract between a prime cont...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Comparative Analysis
Is designed to point out significant trends that...

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