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.
Guarantor
The legal entity and...
Liabilities
A financial obligation...
Cash Flow Test
Part of the CET that determines if...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Current Liabilities
A balance sheet item, which...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliates
Business concerns, organizations, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Days Payable
A measure of the average time a...
Companion File
When an applicant has another application filed...
Contracting Officer
A person with the authority to...
Limited Partnership
A business organization with one or...
S-Corporation
A form of corporation, allowed by...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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