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.
Lien
A legal claim against an...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Working Capital (WC)
The amount of current assets that...
Applicant Entity
The business entity requesting...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Sole Proprietor
an individual who...
Trend Analysis
A comparative analysis of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Cash-basis Accounting
records revenue when cash is...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Assets
The amount of current assets that is left...
Projection
An estimate of future economic or...
Contracting
Purchasing, renting, leasing, or...
Negotiation
Contracting through the use of...

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