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.
Applicant Entity
The business entity requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Negotiation
Contracting through the use of...
Best and Final Offer
For negotiated procurements...
Sole Proprietor
an individual who...
Business Activity
The business (or loss) activity of...
Certificate of Competency
A certificate issued by the Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Acquisition
The acquiring of supplies or...
Applicant/Co-Applicant
Business entity and person requesting...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Working Capital (WC)
The amount of current assets that...

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