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.
Collateral
Assets pledged by a borrower to secure a loan...
Partnership
A type of unincorporated business org...
S-Corporation
A form of corporation, allowed by...
Prime Contract
A contract awarded directly...
Partnering
A mutually beneficial business-to-bus...
Capital Leases
are for the purchase of fixed assets such as...
Cash-basis Accounting
records revenue when cash is...
Applicant Individual
aka who is requesting an SBA loan...
Small Business
A business smaller than...
Cash Flow Test
Part of the CET that determines if...
Certificate of Competency
A certificate issued by the Small Bus...
Days Payable
A measure of the average time a...
Current Liabilities
A balance sheet item, which...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Sole Proprietor
an individual who...

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