Current Liabilities

A balance sheet item, which equals the sum of all money owed by a company and due within one year.

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.
Mentor
A business, usually large, or...
Full and Open Competition
With respect to a contract action...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
NAICS
NAICS codes are common...
Defense Contractor
Any person who enters into...
Normal Annual Sales
Those sales that would have...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Corporation (C-corp.)
The most common form of business org...
Depreciation
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
Subsidiary
A company for which a majority of the...
Substantial Damage
This means uninsured or otherwise uncompensated...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Partnering
A mutually beneficial business-to-bus...

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