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.
Contracting
Purchasing, renting, leasing, or...
Duplicated Interest
The amount of interest exp...
Acquisition
The acquiring of supplies or...
Applicant Individual
aka who is requesting an SBA loan...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Liabilities
A balance sheet item, which...
Affiliates
Business concerns, organizations, or...
Cash Flow Test
Part of the CET that determines if...
Affiliate
Business concerns are affiliates if one concern...
Affiliated Group
When two or more...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Certificate of Competency
A certificate issued by the Small Bus...
Extraordinary Items
Additional expenses that are...
Trend Analysis
A comparative analysis of...
Business Activity
The business (or loss) activity of...

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