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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Intermediary Organization
Organizations that play a funda...
Days Receivable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...
Acquisition
The acquiring of supplies or...
Companion File
When an applicant has another application filed...
Duplicated Interest
The amount of interest exp...
Small Disadvantaged Business Concern
A small business concern that...
Primary Activity
The major business activity of...
Corporation (C-corp.)
The most common form of business org...
Collateral
Assets pledged by a borrower to secure a loan...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Phase 2
Process to be used to determine economic injury for...
Business Activity
The business (or loss) activity of...

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