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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Depreciation
A non-cash operating expense that...
Amortization
A non-cash operating expense that...
Protégé
A firm in a developmental stage that...
Equity
An accounting term used to...
S-Corporation
A form of corporation, allowed by...
Limited Partnership
A business organization with one or...
Credit Elsewhere Test (CET)
The test to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Adjusted Net Worth
Post disaster fair market value of tangible...
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Current Liabilities
A balance sheet item, which...
Capital Leases
are for the purchase of fixed assets such as...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.