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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Depreciation
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...
Physical Loans
Funds to repair/replace dis...
Cash-basis Accounting
records revenue when cash is...
Prime Contract
A contract awarded directly...
Normal Annual Sales
Those sales that would have...
Contractor Team Arrangement
An arrangement in which...
Best and Final Offer
For negotiated procurements...
Partnership
A type of unincorporated business org...
Affiliate
Business concerns are affiliates if one concern...
Partnering
A mutually beneficial business-to-bus...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Current Liabilities
A balance sheet item, which...

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