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.
Cash-basis Accounting
records revenue when cash is...
Phase 1
Process used to determine the...
Amortization
A non-cash operating expense that...
Collateral
Assets pledged by a borrower to secure a loan...
Prime Contract
A contract awarded directly...
Hardship Waiver
Method used to approve a...
Credit Score Test
Part of the home loan CET show a...
Companion File
When an applicant has another application filed...
Primary Activity
The major business activity of...
Acquisition
The acquiring of supplies or...
GPM%
The measure of every sales dollar left...
Current Liabilities
A balance sheet item, which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Adjusted Net Worth
Post disaster fair market value of tangible...

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