Schedule of Liabilities

A business debt schedule that lists all of the debts the business currently owes, including creditor name; original amount due; original due date; current balance; repayment status; maturity date; payment amount and frequency; and how debt is secured.

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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Injury Analysis
Measures the effects of...
NAICS
NAICS codes are common...
Days Payable
A measure of the average time a...
Small Business
A business smaller than...
B/E (Business EIDL) Loan
A business loan that...
Sole Proprietor
an individual who...
Emerging Small Business
A small business concern whose...
Certificate of Competency
A certificate issued by the Small Bus...
Projection
An estimate of future economic or...
Current Assets
A balance sheet item which equals...
Fair and Reasonable Price
A price that is fair to both parties...
Phase 1
Process used to determine the...
Equity
An accounting term used to...
Physical Loans
Funds to repair/replace dis...

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