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.
Full and Open Competition
With respect to a contract action...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Lien
A legal claim against an...
Certified 8(a) Firm
A firm owned and operated by socially and...
Defense Contractor
Any person who enters into...
Subsidiary
A company for which a majority of the...
Hardship Waiver
Method used to approve a...
Prime Contract
A contract awarded directly...
Normal Gross Margin
The margin that would have been...
Extraordinary Items
Additional expenses that are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Liabilities
A financial obligation...
Contracting
Purchasing, renting, leasing, or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Primary Activity
The major business activity of...

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