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.
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliated Group
When two or more...
Depreciation
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Cash-basis Accounting
records revenue when cash is...
Comparative Analysis
Is designed to point out significant trends that...
Projection
An estimate of future economic or...
Best and Final Offer
For negotiated procurements...
Certified 8(a) Firm
A firm owned and operated by socially and...
Subcontract
A contract between a prime cont...
Hardship Waiver
Method used to approve a...
Applicant Entity
The business entity requesting...
Lien
A legal claim against an...
Negotiation
Contracting through the use of...
Prime Contract
A contract awarded directly...

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