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.
Contracting
Purchasing, renting, leasing, or...
Subcontract
A contract between a prime cont...
Phase 1
Process used to determine the...
Normal Annual Sales
Those sales that would have...
Current Liabilities
A balance sheet item, which...
Negotiation
Contracting through the use of...
SCORE
Counselors to America's Small Bus...
Days Receivable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
Trend Analysis
A comparative analysis of...
Assets
The amount of current assets that is left...
Adjusted Net Worth
Post disaster fair market value of tangible...
Projection
An estimate of future economic or...
Full and Open Competition
With respect to a contract action...
Current Assets
A balance sheet item which equals...

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