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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Extraordinary Items
Additional expenses that are...
Affiliated Group
When two or more...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
Income Statement
Shows the entity’s income and...
Joint Venture
In the SBA Mentor-Protégé Program...
Contract
A mutually binding legal rel..
Companion File
When an applicant has another application filed...
Partnering
A mutually beneficial business-to-bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Request for Proposal (RFP)
A document outlining a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Fair and Reasonable Price
A price that is fair to both parties...

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