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.
S-Corporation
A form of corporation, allowed by...
Certificate of Competency
A certificate issued by the Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Fair and Reasonable Price
A price that is fair to both parties...
Phase 2
Process to be used to determine economic injury for...
Contracting
Purchasing, renting, leasing, or...
Capital Leases
are for the purchase of fixed assets such as...
Subsidiary
A company for which a majority of the...
Principal
the owner(s) of the Applicant Entity that...
Request for Proposal (RFP)
A document outlining a...
Injury Period
The time period during...
Credit Score Test
Part of the home loan CET show a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 1
Process used to determine the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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