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.
Credit Score Test
Part of the home loan CET show a...
Corporation (C-corp.)
The most common form of business org...
Days Receivable
A measure of the average time a...
Current Assets
A balance sheet item which equals...
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Certificate of Competency
A certificate issued by the Small Bus...
Partnering
A mutually beneficial business-to-bus...
Full and Open Competition
With respect to a contract action...
Primary Activity
The major business activity of...
Electronic Data Interchange
Transmission of information bet...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Subcontract
A contract between a prime cont...
Lien
A legal claim against an...

Get the quick rundown on SBA Loans

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