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.
Credit Score Test
Part of the home loan CET show a...
Primary Activity
The major business activity of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
GPM%
The measure of every sales dollar left...
Trend Analysis
A comparative analysis of...
Small Disadvantaged Business Concern
A small business concern that...
Small Business
A business smaller than...
Normal Annual Sales
Those sales that would have...
Comparative Analysis
Is designed to point out significant trends that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Days Receivable
A measure of the average time a...
Days Payable
A measure of the average time a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Extraordinary Items
Additional expenses that are...

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