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...
Certificate of Competency
A certificate issued by the Small Bus...
Acquisition
The acquiring of supplies or...
Days Payable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Intermediary Organization
Organizations that play a funda...
Best and Final Offer
For negotiated procurements...
Liabilities
A financial obligation...
Prime Contract
A contract awarded directly...
Equity
An accounting term used to...
Physical Loans
Funds to repair/replace dis...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Extraordinary Items
Additional expenses that are...
Guarantor
The legal entity and...
Principal
the owner(s) of the Applicant Entity that...

Get the quick rundown on SBA Loans

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