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.
Income Statement
Shows the entity’s income and...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Current Liabilities
A balance sheet item, which...
Best and Final Offer
For negotiated procurements...
Emerging Small Business
A small business concern whose...
Phase 1
Process used to determine the...
Projection
An estimate of future economic or...
Request for Proposal (RFP)
A document outlining a...
Intermediary Organization
Organizations that play a funda...
Electronic Data Interchange
Transmission of information bet...
Hardship Waiver
Method used to approve a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Contracting Officer
A person with the authority to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Business Activity
The business (or loss) activity of...

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