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.
Projection
An estimate of future economic or...
Income Statement
Shows the entity’s income and...
Certified 8(a) Firm
A firm owned and operated by socially and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Depreciation
A non-cash operating expense that...
Contract
A mutually binding legal rel..
B/E (Business EIDL) Loan
A business loan that...
Small Business
A business smaller than...
Prime Contract
A contract awarded directly...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash Flow Test
Part of the CET that determines if...
Applicant Entity
The business entity requesting...
Protégé
A firm in a developmental stage that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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