Schedule of Liabilities

A business debt schedule that lists all of the debts the business currently owes, including creditor name; original amount due; original due date; current balance; repayment status; maturity date; payment amount and frequency; and how debt is secured.

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.
Certified 8(a) Firm
A firm owned and operated by socially and...
S-Corporation
A form of corporation, allowed by...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Affiliates
Business concerns, organizations, or...
Liabilities
A financial obligation...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Amortization
A non-cash operating expense that...
Phase 1
Process used to determine the...
Mentor
A business, usually large, or...
Phase 2
Process to be used to determine economic injury for...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Cash-basis Accounting
records revenue when cash is...

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