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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contracting
Purchasing, renting, leasing, or...
Phase 2
Process to be used to determine economic injury for...
Operating Leases
are deducted on the company’s...
Emerging Small Business
A small business concern whose...
B/E (Business EIDL) Loan
A business loan that...
Prime Contract
A contract awarded directly...
Contractor Team Arrangement
An arrangement in which...
Applicant/Co-Applicant
Business entity and person requesting...
Credit Elsewhere Test (CET)
The test to determine the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Affiliate
Business concerns are affiliates if one concern...
Affiliated Group
When two or more...
Sole Proprietor
an individual who...
Subcontract
A contract between a prime cont...

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