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 Assets
A balance sheet item which equals...
Mentor
A business, usually large, or...
Affiliated Group
When two or more...
Working Capital (WC)
The amount of current assets that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Lien
A legal claim against an...
Hardship Waiver
Method used to approve a...
Duplicated Interest
The amount of interest exp...
B/E (Business EIDL) Loan
A business loan that...
Limited Partnership
A business organization with one or...
Corporation (C-corp.)
The most common form of business org...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliates
Business concerns, organizations, or...

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