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.
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Affiliate
Business concerns are affiliates if one concern...
Liabilities
A financial obligation...
Defense Contractor
Any person who enters into...
Certificate of Competency
A certificate issued by the Small Bus...
SCORE
Counselors to America's Small Bus...
Cash Flow Test
Part of the CET that determines if...
Best and Final Offer
For negotiated procurements...
Subsidiary
A company for which a majority of the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Cash-basis Accounting
records revenue when cash is...
Physical Loans
Funds to repair/replace dis...
Duplicated Interest
The amount of interest exp...
Trend Analysis
A comparative analysis of...

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