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.
Credit Elsewhere Test (CET)
The test to determine the...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
NAICS
NAICS codes are common...
SCORE
Counselors to America's Small Bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Days Payable
A measure of the average time a...
Intermediary Organization
Organizations that play a funda...
Current Liabilities
A balance sheet item, which...
Partnership
A type of unincorporated business org...
GPM%
The measure of every sales dollar left...
Lien
A legal claim against an...
Small Disadvantaged Business Concern
A small business concern that...
Credit Score Test
Part of the home loan CET show a...
Negotiation
Contracting through the use of...

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