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.
Current Liabilities
A balance sheet item, which...
Full and Open Competition
With respect to a contract action...
Income Statement
Shows the entity’s income and...
Assets
The amount of current assets that is left...
Substantial Damage
This means uninsured or otherwise uncompensated...
Primary Activity
The major business activity of...
Guarantor
The legal entity and...
Affiliates
Business concerns, organizations, or...
Injury Period
The time period during...
Joint Venture
In the SBA Mentor-Protégé Program...
Physical Loans
Funds to repair/replace dis...
Collateral
Assets pledged by a borrower to secure a loan...
Days Payable
A measure of the average time a...
Working Capital (WC)
The amount of current assets that...
Companion File
When an applicant has another application filed...

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