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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash Flow Test
Part of the CET that determines if...
Comparative Analysis
Is designed to point out significant trends that...
Prime Contract
A contract awarded directly...
GPM%
The measure of every sales dollar left...
Days Receivable
A measure of the average time a...
Working Capital (WC)
The amount of current assets that...
Principal
the owner(s) of the Applicant Entity that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Income Statement
Shows the entity’s income and...
Emerging Small Business
A small business concern whose...
S-Corporation
A form of corporation, allowed by...
Capital Leases
are for the purchase of fixed assets such as...
Business Activity
The business (or loss) activity of...
Contractor Team Arrangement
An arrangement in which...

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