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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Prime Contract
A contract awarded directly...
Liabilities
A financial obligation...
Extraordinary Items
Additional expenses that are...
Defense Contractor
Any person who enters into...
Projection
An estimate of future economic or...
SCORE
Counselors to America's Small Bus...
Partnership
A type of unincorporated business org...
Working Capital (WC)
The amount of current assets that...
Income Statement
Shows the entity’s income and...
Sole Proprietor
an individual who...
Amortization
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Days Payable
A measure of the average time a...

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