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.
Applicant Individual
aka who is requesting an SBA loan...
Affiliated Group
When two or more...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Gross Margin
The margin that would have been...
Request for Proposal (RFP)
A document outlining a...
Collateral
Assets pledged by a borrower to secure a loan...
Injury Analysis
Measures the effects of...
Applicant Entity
The business entity requesting...
Contract
A mutually binding legal rel..
Assets
The amount of current assets that is left...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Primary Activity
The major business activity of...
Current Assets
A balance sheet item which equals...
Principal
the owner(s) of the Applicant Entity that...
Working Capital (WC)
The amount of current assets that...

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