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.
Collateral
Assets pledged by a borrower to secure a loan...
Request for Proposal (RFP)
A document outlining a...
Normal Annual Sales
Those sales that would have...
Subsidiary
A company for which a majority of the...
Best and Final Offer
For negotiated procurements...
Mentor
A business, usually large, or...
Amortization
A non-cash operating expense that...
GPM%
The measure of every sales dollar left...
Comparative Analysis
Is designed to point out significant trends that...
S-Corporation
A form of corporation, allowed by...
Operating Leases
are deducted on the company’s...
Partnership
A type of unincorporated business org...
Affiliated Group
When two or more...
Fair and Reasonable Price
A price that is fair to both parties...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

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