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.
B/E (Business EIDL) Loan
A business loan that...
Small Disadvantaged Business Concern
A small business concern that...
Emerging Small Business
A small business concern whose...
Intermediary Organization
Organizations that play a funda...
Protégé
A firm in a developmental stage that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Defense Contractor
Any person who enters into...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Depreciation
A non-cash operating expense that...
Small Business
A business smaller than...
Limited Partnership
A business organization with one or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Working Capital (WC)
The amount of current assets that...
Negotiation
Contracting through the use of...

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