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.
Contracting Officer
A person with the authority to...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...
Cash-basis Accounting
records revenue when cash is...
Credit Elsewhere Test (CET)
The test to determine the...
Contract
A mutually binding legal rel..
Trend Analysis
A comparative analysis of...
Affiliate
Business concerns are affiliates if one concern...
Applicant Entity
The business entity requesting...
SCORE
Counselors to America's Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Normal Gross Margin
The margin that would have been...
Current Liabilities
A balance sheet item, which...
Physical Loans
Funds to repair/replace dis...
Full and Open Competition
With respect to a contract action...

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