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.
Certificate of Competency
A certificate issued by the Small Bus...
Intermediary Organization
Organizations that play a funda...
Hardship Waiver
Method used to approve a...
Sole Proprietor
an individual who...
Defense Contractor
Any person who enters into...
Mentor
A business, usually large, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Subsidiary
A company for which a majority of the...
Comparative Analysis
Is designed to point out significant trends that...
Partnering
A mutually beneficial business-to-bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Negotiation
Contracting through the use of...
Business Activity
The business (or loss) activity of...

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