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.
Amortization
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...
Corporation (C-corp.)
The most common form of business org...
Certified 8(a) Firm
A firm owned and operated by socially and...
Normal Annual Sales
Those sales that would have...
Phase 2
Process to be used to determine economic injury for...
Contracting
Purchasing, renting, leasing, or...
Hardship Waiver
Method used to approve a...
Mentor
A business, usually large, or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Duplicated Interest
The amount of interest exp...
Protégé
A firm in a developmental stage that...
Business Activity
The business (or loss) activity of...

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