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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Guarantor
The legal entity and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Assets
A balance sheet item which equals...
Negotiation
Contracting through the use of...
Subcontract
A contract between a prime cont...
Phase 2
Process to be used to determine economic injury for...
Protégé
A firm in a developmental stage that...
Days Payable
A measure of the average time a...
Partnership
A type of unincorporated business org...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Contractor Team Arrangement
An arrangement in which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Credit Score Test
Part of the home loan CET show a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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