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.
Capital Leases
are for the purchase of fixed assets such as...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
NAICS
NAICS codes are common...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Sole Proprietor
an individual who...
Limited Partnership
A business organization with one or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contractor Team Arrangement
An arrangement in which...
Amortization
A non-cash operating expense that...
Credit Score Test
Part of the home loan CET show a...
Applicant Individual
aka who is requesting an SBA loan...
Partnership
A type of unincorporated business org...
Affiliates
Business concerns, organizations, or...
Negotiation
Contracting through the use of...
Depreciation
A non-cash operating expense that...

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