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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Assets
A balance sheet item which equals...
Primary Activity
The major business activity of...
Injury Period
The time period during...
Prime Contract
A contract awarded directly...
Emerging Small Business
A small business concern whose...
Applicant Individual
aka who is requesting an SBA loan...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
B/E (Business EIDL) Loan
A business loan that...
Contracting Officer
A person with the authority to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Annual Sales
Those sales that would have...
Partnership
A type of unincorporated business org...
Small Disadvantaged Business Concern
A small business concern that...
Guarantor
The legal entity and...

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