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.
Fair and Reasonable Price
A price that is fair to both parties...
Acquisition
The acquiring of supplies or...
Prime Contract
A contract awarded directly...
Credit Elsewhere Test (CET)
The test to determine the...
Break-even Analysis
A calculation of the approximate sales...
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliates
Business concerns, organizations, or...
Physical Loans
Funds to repair/replace dis...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnership
A type of unincorporated business org...
Limited Partnership
A business organization with one or...
Guarantor
The legal entity and...
Principal
the owner(s) of the Applicant Entity that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

Get the quick rundown on SBA Loans

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