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.
Sole Proprietor
an individual who...
Capital Leases
are for the purchase of fixed assets such as...
Phase 2
Process to be used to determine economic injury for...
Projection
An estimate of future economic or...
Business Activity
The business (or loss) activity of...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Entity
The business entity requesting...
Affiliate
Business concerns are affiliates if one concern...
NAICS
NAICS codes are common...
Subcontract
A contract between a prime cont...
Best and Final Offer
For negotiated procurements...
Small Disadvantaged Business Concern
A small business concern that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Applicant/Co-Applicant
Business entity and person requesting...
Substantial Damage
This means uninsured or otherwise uncompensated...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.