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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Joint Venture
In the SBA Mentor-Protégé Program...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Phase 1
Process used to determine the...
Principal
the owner(s) of the Applicant Entity that...
Physical Loans
Funds to repair/replace dis...
Partnering
A mutually beneficial business-to-bus...
Assets
The amount of current assets that is left...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Capital Leases
are for the purchase of fixed assets such as...
Adjusted Net Worth
Post disaster fair market value of tangible...
Corporation (C-corp.)
The most common form of business org...
Request for Proposal (RFP)
A document outlining a...
Normal Gross Margin
The margin that would have been...

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