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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
NAICS
NAICS codes are common...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting
Purchasing, renting, leasing, or...
Affiliated Group
When two or more...
Electronic Data Interchange
Transmission of information bet...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Corporation (C-corp.)
The most common form of business org...
Normal Annual Sales
Those sales that would have...
Cash Flow Test
Part of the CET that determines if...
Phase 1
Process used to determine the...
Contracting Officer
A person with the authority to...
Days Receivable
A measure of the average time a...
Lien
A legal claim against an...
Projection
An estimate of future economic or...

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