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...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Cash-basis Accounting
records revenue when cash is...
Prime Contract
A contract awarded directly...
Affiliated Group
When two or more...
Contracting Officer
A person with the authority to...
Contractor Team Arrangement
An arrangement in which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Elsewhere Test (CET)
The test to determine the...
Full and Open Competition
With respect to a contract action...
NAICS
NAICS codes are common...
Electronic Data Interchange
Transmission of information bet...
B/E (Business EIDL) Loan
A business loan that...
Affiliates
Business concerns, organizations, or...
Applicant Entity
The business entity requesting...

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