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...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contractor Team Arrangement
An arrangement in which...
Prime Contract
A contract awarded directly...
Affiliated Group
When two or more...
Working Capital (WC)
The amount of current assets that...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Contracting
Purchasing, renting, leasing, or...
Projection
An estimate of future economic or...
Electronic Data Interchange
Transmission of information bet...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Days Receivable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Comparative Analysis
Is designed to point out significant trends that...

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