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.
Credit Score Test
Part of the home loan CET show a...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Payable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Current Liabilities
A balance sheet item, which...
Capital Leases
are for the purchase of fixed assets such as...
Credit Elsewhere Test (CET)
The test to determine the...
Corporation (C-corp.)
The most common form of business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Contracting Officer
A person with the authority to...
Working Capital (WC)
The amount of current assets that...
Request for Proposal (RFP)
A document outlining a...
Physical Loans
Funds to repair/replace dis...
B/E (Business EIDL) Loan
A business loan that...
Normal Gross Margin
The margin that would have been...

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