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.
Affiliate
Business concerns are affiliates if one concern...
Current Liabilities
A balance sheet item, which...
Best and Final Offer
For negotiated procurements...
Primary Activity
The major business activity of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Subsidiary
A company for which a majority of the...
Prime Contract
A contract awarded directly...
Hardship Waiver
Method used to approve a...
Applicant Entity
The business entity requesting...
Working Capital (WC)
The amount of current assets that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Equity
An accounting term used to...
Collateral
Assets pledged by a borrower to secure a loan...
Cash Flow Test
Part of the CET that determines if...

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