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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash Flow Test
Part of the CET that determines if...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Lien
A legal claim against an...
Equity
An accounting term used to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subsidiary
A company for which a majority of the...
Mentor
A business, usually large, or...
Duplicated Interest
The amount of interest exp...
B/E (Business EIDL) Loan
A business loan that...
Comparative Analysis
Is designed to point out significant trends that...
Capital Leases
are for the purchase of fixed assets such as...
Certificate of Competency
A certificate issued by the Small Bus...
Applicant Individual
aka who is requesting an SBA loan...

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