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.
Credit Score Test
Part of the home loan CET show a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Operating Leases
are deducted on the company’s...
Hardship Waiver
Method used to approve a...
Mentor
A business, usually large, or...
Prime Contract
A contract awarded directly...
Companion File
When an applicant has another application filed...
Request for Proposal (RFP)
A document outlining a...
Applicant/Co-Applicant
Business entity and person requesting...
Working Capital (WC)
The amount of current assets that...
Physical Loans
Funds to repair/replace dis...
Protégé
A firm in a developmental stage that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Phase 1
Process used to determine the...
Limited Partnership
A business organization with one or...

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