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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Lien
A legal claim against an...
Affiliated Group
When two or more...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Entity
The business entity requesting...
Depreciation
A non-cash operating expense that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Capital Leases
are for the purchase of fixed assets such as...
Break-even Analysis
A calculation of the approximate sales...
Trend Analysis
A comparative analysis of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Liabilities
A financial obligation...
Small Business
A business smaller than...
Limited Partnership
A business organization with one or...
Defense Contractor
Any person who enters into...

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