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.
Partnering
A mutually beneficial business-to-bus...
Certificate of Competency
A certificate issued by the Small Bus...
Hardship Waiver
Method used to approve a...
Equity
An accounting term used to...
Contract
A mutually binding legal rel..
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Prime Contract
A contract awarded directly...
Lien
A legal claim against an...
Best and Final Offer
For negotiated procurements...
Comparative Analysis
Is designed to point out significant trends that...
Capital Leases
are for the purchase of fixed assets such as...
Business Activity
The business (or loss) activity of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Current Assets
A balance sheet item which equals...

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