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.
Contracting
Purchasing, renting, leasing, or...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Collateral
Assets pledged by a borrower to secure a loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
GPM%
The measure of every sales dollar left...
Small Business
A business smaller than...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Certificate of Competency
A certificate issued by the Small Bus...
Equity
An accounting term used to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contractor Team Arrangement
An arrangement in which...
Cash-basis Accounting
records revenue when cash is...
Request for Proposal (RFP)
A document outlining a...
Days Payable
A measure of the average time a...

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