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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Adjusted Net Worth
Post disaster fair market value of tangible...
Projection
An estimate of future economic or...
Applicant/Co-Applicant
Business entity and person requesting...
Full and Open Competition
With respect to a contract action...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliate
Business concerns are affiliates if one concern...
Cash Flow Test
Part of the CET that determines if...
Phase 1
Process used to determine the...
Sole Proprietor
an individual who...
Prime Contract
A contract awarded directly...
Subcontract
A contract between a prime cont...
Days Payable
A measure of the average time a...
Applicant Individual
aka who is requesting an SBA loan...
Contracting Officer
A person with the authority to...

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