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.
S-Corporation
A form of corporation, allowed by...
GPM%
The measure of every sales dollar left...
Trend Analysis
A comparative analysis of...
Guarantor
The legal entity and...
Normal Annual Sales
Those sales that would have...
Business Activity
The business (or loss) activity of...
Normal Gross Margin
The margin that would have been...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Entity
The business entity requesting...
Subcontract
A contract between a prime cont...
Contracting Officer
A person with the authority to...
Current Liabilities
A balance sheet item, which...
Small Disadvantaged Business Concern
A small business concern that...

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