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.
NAICS
NAICS codes are common...
Prime Contract
A contract awarded directly...
S-Corporation
A form of corporation, allowed by...
Companion File
When an applicant has another application filed...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Primary Activity
The major business activity of...
B/E (Business EIDL) Loan
A business loan that...
Assets
The amount of current assets that is left...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Subcontract
A contract between a prime cont...
Applicant/Co-Applicant
Business entity and person requesting...
Principal
the owner(s) of the Applicant Entity that...
Acquisition
The acquiring of supplies or...
Contract
A mutually binding legal rel..
Normal Gross Margin
The margin that would have been...

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