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.
Credit Elsewhere Test (CET)
The test to determine the...
Subsidiary
A company for which a majority of the...
Small Business
A business smaller than...
Partnering
A mutually beneficial business-to-bus...
Days Receivable
A measure of the average time a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Best and Final Offer
For negotiated procurements...
Limited Partnership
A business organization with one or...
Operating Leases
are deducted on the company’s...
Applicant Individual
aka who is requesting an SBA loan...
Contracting
Purchasing, renting, leasing, or...
Affiliate
Business concerns are affiliates if one concern...
Applicant/Co-Applicant
Business entity and person requesting...
Duplicated Interest
The amount of interest exp...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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