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...
Substantial Damage
This means uninsured or otherwise uncompensated...
S-Corporation
A form of corporation, allowed by...
GPM%
The measure of every sales dollar left...
Collateral
Assets pledged by a borrower to secure a loan...
Emerging Small Business
A small business concern whose...
Adjusted Net Worth
Post disaster fair market value of tangible...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Lien
A legal claim against an...
Cash Flow Test
Part of the CET that determines if...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Operating Leases
are deducted on the company’s...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Request for Proposal (RFP)
A document outlining a...
Income Statement
Shows the entity’s income and...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.