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.
Capital Leases
are for the purchase of fixed assets such as...
Electronic Data Interchange
Transmission of information bet...
Current Liabilities
A balance sheet item, which...
Normal Gross Margin
The margin that would have been...
Corporation (C-corp.)
The most common form of business org...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Request for Proposal (RFP)
A document outlining a...
Working Capital (WC)
The amount of current assets that...
Applicant/Co-Applicant
Business entity and person requesting...
GPM%
The measure of every sales dollar left...
Subsidiary
A company for which a majority of the...
Collateral
Assets pledged by a borrower to secure a loan...
Full and Open Competition
With respect to a contract action...
Adjusted Net Worth
Post disaster fair market value of tangible...
Liabilities
A financial obligation...

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