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.
Hardship Waiver
Method used to approve a...
Applicant Individual
aka who is requesting an SBA loan...
Subcontract
A contract between a prime cont...
SCORE
Counselors to America's Small Bus...
Limited Partnership
A business organization with one or...
Protégé
A firm in a developmental stage that...
Corporation (C-corp.)
The most common form of business org...
Credit Elsewhere Test (CET)
The test to determine the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant Entity
The business entity requesting...
Prime Contract
A contract awarded directly...
Days Payable
A measure of the average time a...
Applicant/Co-Applicant
Business entity and person requesting...
Capital Leases
are for the purchase of fixed assets such as...
Certified 8(a) Firm
A firm owned and operated by socially and...

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