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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Limited Partnership
A business organization with one or...
Affiliate
Business concerns are affiliates if one concern...
Applicant Individual
aka who is requesting an SBA loan...
Partnership
A type of unincorporated business org...
Extraordinary Items
Additional expenses that are...
Cash-basis Accounting
records revenue when cash is...
S-Corporation
A form of corporation, allowed by...
Partnering
A mutually beneficial business-to-bus...
Assets
The amount of current assets that is left...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
GPM%
The measure of every sales dollar left...
Normal Annual Sales
Those sales that would have...
Normal Gross Margin
The margin that would have been...

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