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.
Small Business
A business smaller than...
Lien
A legal claim against an...
Applicant/Co-Applicant
Business entity and person requesting...
Partnering
A mutually beneficial business-to-bus...
Contractor Team Arrangement
An arrangement in which...
Full and Open Competition
With respect to a contract action...
Collateral
Assets pledged by a borrower to secure a loan...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Best and Final Offer
For negotiated procurements...
Physical Loans
Funds to repair/replace dis...
Corporation (C-corp.)
The most common form of business org...
Depreciation
A non-cash operating expense that...
Subsidiary
A company for which a majority of the...

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