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.
Request for Proposal (RFP)
A document outlining a...
Intermediary Organization
Organizations that play a funda...
SCORE
Counselors to America's Small Bus...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliate
Business concerns are affiliates if one concern...
Break-even Analysis
A calculation of the approximate sales...
Cash Flow Test
Part of the CET that determines if...
Protégé
A firm in a developmental stage that...
Projection
An estimate of future economic or...
Assets
The amount of current assets that is left...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting
Purchasing, renting, leasing, or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Individual
aka who is requesting an SBA loan...

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