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.
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Applicant/Co-Applicant
Business entity and person requesting...
Intermediary Organization
Organizations that play a funda...
Projection
An estimate of future economic or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Normal Annual Sales
Those sales that would have...
NAICS
NAICS codes are common...
Depreciation
A non-cash operating expense that...
Current Liabilities
A balance sheet item, which...
SCORE
Counselors to America's Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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