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.
Working Capital (WC)
The amount of current assets that...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 1
Process used to determine the...
Certificate of Competency
A certificate issued by the Small Bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
GPM%
The measure of every sales dollar left...
Break-even Analysis
A calculation of the approximate sales...
Sole Proprietor
an individual who...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Capital Leases
are for the purchase of fixed assets such as...
Limited Partnership
A business organization with one or...

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