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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Current Liabilities
A balance sheet item, which...
Protégé
A firm in a developmental stage that...
Amortization
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
GPM%
The measure of every sales dollar left...
SCORE
Counselors to America's Small Bus...
Days Receivable
A measure of the average time a...
Lien
A legal claim against an...
Small Disadvantaged Business Concern
A small business concern that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Capital Leases
are for the purchase of fixed assets such as...
Applicant Entity
The business entity requesting...
Emerging Small Business
A small business concern whose...
Guarantor
The legal entity and...

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