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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Corporation (C-corp.)
The most common form of business org...
Days Receivable
A measure of the average time a...
Primary Activity
The major business activity of...
Credit Score Test
Part of the home loan CET show a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Principal
the owner(s) of the Applicant Entity that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Hardship Waiver
Method used to approve a...
Operating Leases
are deducted on the company’s...
Lien
A legal claim against an...
Guarantor
The legal entity and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Companion File
When an applicant has another application filed...

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