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.
GPM%
The measure of every sales dollar left...
Subcontract
A contract between a prime cont...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Equity
An accounting term used to...
Negotiation
Contracting through the use of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Amortization
A non-cash operating expense that...
Corporation (C-corp.)
The most common form of business org...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Contracting Officer
A person with the authority to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant Individual
aka who is requesting an SBA loan...
Current Assets
A balance sheet item which equals...
Affiliate
Business concerns are affiliates if one concern...
Contracting
Purchasing, renting, leasing, or...

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