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.
Limited Partnership
A business organization with one or...
Subcontract
A contract between a prime cont...
Certified 8(a) Firm
A firm owned and operated by socially and...
Collateral
Assets pledged by a borrower to secure a loan...
Sole Proprietor
an individual who...
Business Activity
The business (or loss) activity of...
Projection
An estimate of future economic or...
Equity
An accounting term used to...
Affiliates
Business concerns, organizations, or...
Credit Elsewhere Test (CET)
The test to determine the...
Injury Period
The time period during...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Subsidiary
A company for which a majority of the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Operating Leases
are deducted on the company’s...

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