Current Liabilities

A balance sheet item, which equals the sum of all money owed by a company and due within one year.

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.
Liabilities
A financial obligation...
Comparative Analysis
Is designed to point out significant trends that...
S-Corporation
A form of corporation, allowed by...
Limited Partnership
A business organization with one or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Partnering
A mutually beneficial business-to-bus...
Electronic Data Interchange
Transmission of information bet...
Contractor Team Arrangement
An arrangement in which...
Contracting
Purchasing, renting, leasing, or...
Current Assets
A balance sheet item which equals...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
GPM%
The measure of every sales dollar left...
Lien
A legal claim against an...
Physical Loans
Funds to repair/replace dis...

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