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.
Income Statement
Shows the entity’s income and...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
Normal Gross Margin
The margin that would have been...
Business Activity
The business (or loss) activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business
A business smaller than...
Adjusted Net Worth
Post disaster fair market value of tangible...
Principal
the owner(s) of the Applicant Entity that...
Small Disadvantaged Business Concern
A small business concern that...
Sole Proprietor
an individual who...
Injury Period
The time period during...
Collateral
Assets pledged by a borrower to secure a loan...
Comparative Analysis
Is designed to point out significant trends that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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