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.
Assets
The amount of current assets that is left...
Partnership
A type of unincorporated business org...
Sole Proprietor
an individual who...
Applicant Individual
aka who is requesting an SBA loan...
Break-even Analysis
A calculation of the approximate sales...
Equity
An accounting term used to...
Physical Loans
Funds to repair/replace dis...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Liabilities
A balance sheet item, which...
GPM%
The measure of every sales dollar left...
Contract
A mutually binding legal rel..
Affiliated Group
When two or more...
Full and Open Competition
With respect to a contract action...
Income Statement
Shows the entity’s income and...
Duplicated Interest
The amount of interest exp...

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