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.
Affiliated Group
When two or more...
Days Receivable
A measure of the average time a...
Electronic Data Interchange
Transmission of information bet...
Phase 1
Process used to determine the...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliates
Business concerns, organizations, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subsidiary
A company for which a majority of the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Disadvantaged Business Concern
A small business concern that...
Duplicated Interest
The amount of interest exp...
Contract
A mutually binding legal rel..
Break-even Analysis
A calculation of the approximate sales...
Mentor
A business, usually large, or...

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