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.
Trend Analysis
A comparative analysis of...
Equity
An accounting term used to...
Companion File
When an applicant has another application filed...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
B/E (Business EIDL) Loan
A business loan that...
Affiliate
Business concerns are affiliates if one concern...
Hardship Waiver
Method used to approve a...
Affiliated Group
When two or more...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Intermediary Organization
Organizations that play a funda...
Full and Open Competition
With respect to a contract action...
Duplicated Interest
The amount of interest exp...
Guarantor
The legal entity and...
Capital Leases
are for the purchase of fixed assets such as...
Cash Flow Test
Part of the CET that determines if...

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