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.
Companion File
When an applicant has another application filed...
Full and Open Competition
With respect to a contract action...
Days Payable
A measure of the average time a...
Mentor
A business, usually large, or...
Electronic Data Interchange
Transmission of information bet...
Prime Contract
A contract awarded directly...
Current Liabilities
A balance sheet item, which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contract
A mutually binding legal rel..
Current Assets
A balance sheet item which equals...
Trend Analysis
A comparative analysis of...
Credit Score Test
Part of the home loan CET show a...
Subcontract
A contract between a prime cont...
Capital Leases
are for the purchase of fixed assets such as...
Credit Elsewhere Test (CET)
The test to determine the...

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