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.
Depreciation
A non-cash operating expense that...
Extraordinary Items
Additional expenses that are...
Phase 1
Process used to determine the...
Affiliates
Business concerns, organizations, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Guarantor
The legal entity and...
Hardship Waiver
Method used to approve a...
Collateral
Assets pledged by a borrower to secure a loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Emerging Small Business
A small business concern whose...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Projection
An estimate of future economic or...
Amortization
A non-cash operating expense that...

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