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.
Contracting Officer
A person with the authority to...
Certificate of Competency
A certificate issued by the Small Bus...
GPM%
The measure of every sales dollar left...
Days Payable
A measure of the average time a...
Duplicated Interest
The amount of interest exp...
NAICS
NAICS codes are common...
B/E (Business EIDL) Loan
A business loan that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Depreciation
A non-cash operating expense that...
Projection
An estimate of future economic or...
Liabilities
A financial obligation...
Extraordinary Items
Additional expenses that are...
Credit Elsewhere Test (CET)
The test to determine the...
Companion File
When an applicant has another application filed...

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