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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Working Capital (WC)
The amount of current assets that...
Extraordinary Items
Additional expenses that are...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Depreciation
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Small Disadvantaged Business Concern
A small business concern that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Full and Open Competition
With respect to a contract action...
S-Corporation
A form of corporation, allowed by...
Phase 2
Process to be used to determine economic injury for...
Acquisition
The acquiring of supplies or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Credit Score Test
Part of the home loan CET show a...
Request for Proposal (RFP)
A document outlining a...

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