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.
Small Business
A business smaller than...
Operating Leases
are deducted on the company’s...
Extraordinary Items
Additional expenses that are...
Joint Venture
In the SBA Mentor-Protégé Program...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Partnership
A type of unincorporated business org...
Subsidiary
A company for which a majority of the...
Affiliate
Business concerns are affiliates if one concern...
Adjusted Net Worth
Post disaster fair market value of tangible...
Mentor
A business, usually large, or...
Contract
A mutually binding legal rel..
Hardship Waiver
Method used to approve a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...

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