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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Normal Annual Sales
Those sales that would have...
Projection
An estimate of future economic or...
Sole Proprietor
an individual who...
Phase 1
Process used to determine the...
Equity
An accounting term used to...
Contracting
Purchasing, renting, leasing, or...
Contract
A mutually binding legal rel..
Injury Period
The time period during...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Assets
The amount of current assets that is left...
Credit Elsewhere Test (CET)
The test to determine the...
Negotiation
Contracting through the use of...
Small Disadvantaged Business Concern
A small business concern that...
Intermediary Organization
Organizations that play a funda...

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