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.
Contract
A mutually binding legal rel..
Credit Elsewhere Test (CET)
The test to determine the...
Days Payable
A measure of the average time a...
SCORE
Counselors to America's Small Bus...
Normal Gross Margin
The margin that would have been...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Joint Venture
In the SBA Mentor-Protégé Program...
Prime Contract
A contract awarded directly...
Affiliates
Business concerns, organizations, or...
Contractor Team Arrangement
An arrangement in which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Protégé
A firm in a developmental stage that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Duplicated Interest
The amount of interest exp...
Request for Proposal (RFP)
A document outlining a...

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