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.
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Credit Score Test
Part of the home loan CET show a...
Request for Proposal (RFP)
A document outlining a...
Current Liabilities
A balance sheet item, which...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Individual
aka who is requesting an SBA loan...
Duplicated Interest
The amount of interest exp...
Primary Activity
The major business activity of...
Subsidiary
A company for which a majority of the...

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