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.
Days Payable
A measure of the average time a...
Small Business
A business smaller than...
Liabilities
A financial obligation...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
GPM%
The measure of every sales dollar left...
Subcontract
A contract between a prime cont...
Adjusted Net Worth
Post disaster fair market value of tangible...
Depreciation
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliate
Business concerns are affiliates if one concern...
Phase 2
Process to be used to determine economic injury for...

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