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.
Joint Venture
In the SBA Mentor-Protégé Program...
Cash Flow Test
Part of the CET that determines if...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Full and Open Competition
With respect to a contract action...
Certificate of Competency
A certificate issued by the Small Bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Corporation (C-corp.)
The most common form of business org...
Credit Score Test
Part of the home loan CET show a...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Prime Contract
A contract awarded directly...
Best and Final Offer
For negotiated procurements...
Emerging Small Business
A small business concern whose...

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