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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Prime Contract
A contract awarded directly...
Subcontract
A contract between a prime cont...
Principal
the owner(s) of the Applicant Entity that...
Break-even Analysis
A calculation of the approximate sales...
Affiliates
Business concerns, organizations, or...
Companion File
When an applicant has another application filed...
Electronic Data Interchange
Transmission of information bet...
Physical Loans
Funds to repair/replace dis...
Affiliated Group
When two or more...
Equity
An accounting term used to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SCORE
Counselors to America's Small Bus...

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