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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Days Receivable
A measure of the average time a...
Applicant Entity
The business entity requesting...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subcontract
A contract between a prime cont...
Protégé
A firm in a developmental stage that...
Principal
the owner(s) of the Applicant Entity that...
Joint Venture
In the SBA Mentor-Protégé Program...
Income Statement
Shows the entity’s income and...
Contracting Officer
A person with the authority to...
Affiliates
Business concerns, organizations, or...
Fair and Reasonable Price
A price that is fair to both parties...
Defense Contractor
Any person who enters into...
Normal Gross Margin
The margin that would have been...

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