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.
Affiliated Group
When two or more...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Operating Leases
are deducted on the company’s...
Income Statement
Shows the entity’s income and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Duplicated Interest
The amount of interest exp...
Intermediary Organization
Organizations that play a funda...
Best and Final Offer
For negotiated procurements...
Full and Open Competition
With respect to a contract action...
Cash-basis Accounting
records revenue when cash is...
Assets
The amount of current assets that is left...
Contract
A mutually binding legal rel..
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Affiliates
Business concerns, organizations, or...
Defense Contractor
Any person who enters into...

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