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.
Affiliate
Business concerns are affiliates if one concern...
Applicant Entity
The business entity requesting...
S-Corporation
A form of corporation, allowed by...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Days Receivable
A measure of the average time a...
Intermediary Organization
Organizations that play a funda...
Applicant/Co-Applicant
Business entity and person requesting...
Phase 2
Process to be used to determine economic injury for...
Credit Elsewhere Test (CET)
The test to determine the...
Prime Contract
A contract awarded directly...
Fair and Reasonable Price
A price that is fair to both parties...
Negotiation
Contracting through the use of...
Current Liabilities
A balance sheet item, which...
Electronic Data Interchange
Transmission of information bet...

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