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.
Affiliate
Business concerns are affiliates if one concern...
Liabilities
A financial obligation...
Prime Contract
A contract awarded directly...
Collateral
Assets pledged by a borrower to secure a loan...
Mentor
A business, usually large, or...
Cash-basis Accounting
records revenue when cash is...
Sole Proprietor
an individual who...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Normal Gross Margin
The margin that would have been...
Cash Flow Test
Part of the CET that determines if...
B/E (Business EIDL) Loan
A business loan that...
Guarantor
The legal entity and...
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...
NAICS
NAICS codes are common...

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