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.
Current Liabilities
A balance sheet item, which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contracting
Purchasing, renting, leasing, or...
Small Business
A business smaller than...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...
Applicant/Co-Applicant
Business entity and person requesting...
Days Payable
A measure of the average time a...
Lien
A legal claim against an...
SCORE
Counselors to America's Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Income Statement
Shows the entity’s income and...
Working Capital (WC)
The amount of current assets that...

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