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.
Current Liabilities
A balance sheet item, which...
SCORE
Counselors to America's Small Bus...
Injury Analysis
Measures the effects of...
Assets
The amount of current assets that is left...
Collateral
Assets pledged by a borrower to secure a loan...
Break-even Analysis
A calculation of the approximate sales...
Applicant Entity
The business entity requesting...
Contracting
Purchasing, renting, leasing, or...
Lien
A legal claim against an...
Defense Contractor
Any person who enters into...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Phase 2
Process to be used to determine economic injury for...
Best and Final Offer
For negotiated procurements...
Amortization
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...

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