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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Normal Gross Margin
The margin that would have been...
Normal Annual Sales
Those sales that would have...
Limited Partnership
A business organization with one or...
Contracting Officer
A person with the authority to...
GPM%
The measure of every sales dollar left...
Prime Contract
A contract awarded directly...
Contracting
Purchasing, renting, leasing, or...
Lien
A legal claim against an...
Phase 2
Process to be used to determine economic injury for...
Operating Leases
are deducted on the company’s...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Current Liabilities
A balance sheet item, which...
NAICS
NAICS codes are common...

Get the quick rundown on SBA Loans

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