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.
Depreciation
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
GPM%
The measure of every sales dollar left...
Principal
the owner(s) of the Applicant Entity that...
Contracting Officer
A person with the authority to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Corporation (C-corp.)
The most common form of business org...
Contracting
Purchasing, renting, leasing, or...
Hardship Waiver
Method used to approve a...
Days Payable
A measure of the average time a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Business Activity
The business (or loss) activity of...
Projection
An estimate of future economic or...
Extraordinary Items
Additional expenses that are...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.