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...
B/E (Business EIDL) Loan
A business loan that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnership
A type of unincorporated business org...
Normal Gross Margin
The margin that would have been...
Partnering
A mutually beneficial business-to-bus...
NAICS
NAICS codes are common...
Contract
A mutually binding legal rel..
Joint Venture
In the SBA Mentor-Protégé Program...
Normal Annual Sales
Those sales that would have...
Current Assets
A balance sheet item which equals...
Current Liabilities
A balance sheet item, which...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliated Group
When two or more...
Contractor Team Arrangement
An arrangement in which...

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