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.
Projection
An estimate of future economic or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Contractor
Any person who enters into...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Working Capital (WC)
The amount of current assets that...
Intermediary Organization
Organizations that play a funda...
Phase 2
Process to be used to determine economic injury for...
Trend Analysis
A comparative analysis of...
Income Statement
Shows the entity’s income and...
Guarantor
The legal entity and...
Limited Partnership
A business organization with one or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Sole Proprietor
an individual who...
Normal Annual Sales
Those sales that would have...

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