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.
Limited Partnership
A business organization with one or...
Contract
A mutually binding legal rel..
Phase 1
Process used to determine the...
Prime Contract
A contract awarded directly...
Mentor
A business, usually large, or...
Physical Loans
Funds to repair/replace dis...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Normal Annual Sales
Those sales that would have...
Intermediary Organization
Organizations that play a funda...
Current Liabilities
A balance sheet item, which...
SCORE
Counselors to America's Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
Joint Venture
In the SBA Mentor-Protégé Program...
Extraordinary Items
Additional expenses that are...

Get the quick rundown on SBA Loans

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