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...
Contracting Officer
A person with the authority to...
Capital Leases
are for the purchase of fixed assets such as...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Emerging Small Business
A small business concern whose...
Applicant/Co-Applicant
Business entity and person requesting...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Mentor
A business, usually large, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Business Activity
The business (or loss) activity of...
Guarantor
The legal entity and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Certificate of Competency
A certificate issued by the Small Bus...
Partnership
A type of unincorporated business org...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.