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.
Companion File
When an applicant has another application filed...
Small Business
A business smaller than...
Contractor Team Arrangement
An arrangement in which...
Hardship Waiver
Method used to approve a...
Primary Activity
The major business activity of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Current Assets
A balance sheet item which equals...
Amortization
A non-cash operating expense that...
Contract
A mutually binding legal rel..
Injury Analysis
Measures the effects of...
Depreciation
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
Negotiation
Contracting through the use of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnering
A mutually beneficial business-to-bus...

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