Liabilities

A financial obligation, debt, or claim, i.e. notes payable and accounts payable.

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.
Contracting
Purchasing, renting, leasing, or...
Income Statement
Shows the entity’s income and...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Contractor Team Arrangement
An arrangement in which...
Corporation (C-corp.)
The most common form of business org...
Partnering
A mutually beneficial business-to-bus...
Credit Score Test
Part of the home loan CET show a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliates
Business concerns, organizations, or...
Operating Leases
are deducted on the company’s...
Fair and Reasonable Price
A price that is fair to both parties...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Current Liabilities
A balance sheet item, which...
Capital Leases
are for the purchase of fixed assets such as...

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