Liabilities

A financial obligation, debt, or claim, i.e. notes payable and accounts payable.

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.
Applicant Entity
The business entity requesting...
Request for Proposal (RFP)
A document outlining a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certificate of Competency
A certificate issued by the Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Limited Partnership
A business organization with one or...
Intermediary Organization
Organizations that play a funda...
Normal Annual Sales
Those sales that would have...
Injury Analysis
Measures the effects of...
Extraordinary Items
Additional expenses that are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Gross Margin
The margin that would have been...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Emerging Small Business
A small business concern whose...
Cash-basis Accounting
records revenue when cash is...

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