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...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Break-even Analysis
A calculation of the approximate sales...
Cash-basis Accounting
records revenue when cash is...
Current Liabilities
A balance sheet item, which...
Full and Open Competition
With respect to a contract action...
Lien
A legal claim against an...
Request for Proposal (RFP)
A document outlining a...
Small Disadvantaged Business Concern
A small business concern that...
Injury Analysis
Measures the effects of...
Sole Proprietor
an individual who...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SCORE
Counselors to America's Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.