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.
Acquisition
The acquiring of supplies or...
Corporation (C-corp.)
The most common form of business org...
Contract
A mutually binding legal rel..
Principal
the owner(s) of the Applicant Entity that...
GPM%
The measure of every sales dollar left...
Phase 1
Process used to determine the...
Current Liabilities
A balance sheet item, which...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Lien
A legal claim against an...
Affiliated Group
When two or more...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Intermediary Organization
Organizations that play a funda...

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