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.
Prime Contract
A contract awarded directly...
Income Statement
Shows the entity’s income and...
Contract
A mutually binding legal rel..
Physical Loans
Funds to repair/replace dis...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting Officer
A person with the authority to...
Principal
the owner(s) of the Applicant Entity that...
Contracting
Purchasing, renting, leasing, or...
Protégé
A firm in a developmental stage that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Projection
An estimate of future economic or...
Operating Leases
are deducted on the company’s...
Acquisition
The acquiring of supplies or...
Cash Flow Test
Part of the CET that determines if...

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