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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
B/E (Business EIDL) Loan
A business loan that...
Corporation (C-corp.)
The most common form of business org...
Duplicated Interest
The amount of interest exp...
Normal Gross Margin
The margin that would have been...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Operating Leases
are deducted on the company’s...
Best and Final Offer
For negotiated procurements...
Partnership
A type of unincorporated business org...
Principal
the owner(s) of the Applicant Entity that...
Cash Flow Test
Part of the CET that determines if...
Electronic Data Interchange
Transmission of information bet...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Mentor
A business, usually large, or...
Current Liabilities
A balance sheet item, which...

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