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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Principal
the owner(s) of the Applicant Entity that...
Limited Partnership
A business organization with one or...
Cash Flow Test
Part of the CET that determines if...
Extraordinary Items
Additional expenses that are...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Sole Proprietor
an individual who...
Joint Venture
In the SBA Mentor-Protégé Program...
Defense Contractor
Any person who enters into...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Operating Leases
are deducted on the company’s...
Acquisition
The acquiring of supplies or...
Lien
A legal claim against an...
Working Capital (WC)
The amount of current assets that...
Days Receivable
A measure of the average time a...

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