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.
Corporation (C-corp.)
The most common form of business org...
Applicant/Co-Applicant
Business entity and person requesting...
Guarantor
The legal entity and...
Hardship Waiver
Method used to approve a...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Working Capital (WC)
The amount of current assets that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Sole Proprietor
an individual who...
Comparative Analysis
Is designed to point out significant trends that...
Cash Flow Test
Part of the CET that determines if...
Applicant Entity
The business entity requesting...
S-Corporation
A form of corporation, allowed by...

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