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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Cash-basis Accounting
records revenue when cash is...
Best and Final Offer
For negotiated procurements...
Contractor Team Arrangement
An arrangement in which...
SCORE
Counselors to America's Small Bus...
Request for Proposal (RFP)
A document outlining a...
Credit Elsewhere Test (CET)
The test to determine the...
Liabilities
A financial obligation...
Defense Contractor
Any person who enters into...
Electronic Data Interchange
Transmission of information bet...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contracting Officer
A person with the authority to...
Capital Leases
are for the purchase of fixed assets such as...
NAICS
NAICS codes are common...

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