SBA Form 2202, the Schedule of Liabilities, is a one-page worksheet you file with a disaster business loan application to list every fixed debt your business owes. It supplements your balance sheet, and the totals on the schedule must reconcile to the liability figures on that balance sheet. You can download it from sba.gov or use your own spreadsheet, provided it captures the same information the SBA asks for.1U.S. Small Business Administration. SBA Form 2202 – Schedule of Liabilities
The form is owned by the SBA’s Office of Disaster Recovery and Resilience and responds to a filing requirement in Item 2 of SBA Form 5, the disaster business loan application. It is not used for standard 7(a) or 504 loans. You submit it alongside Form 5 (or Form 5C if you’re a sole proprietor), Form 413D from each owner with a 20 percent or greater stake, Form 159D, and IRS Form 4506-T, which authorizes the SBA to pull your tax transcripts.2U.S. Small Business Administration. How to Apply for SBA EIDL Program
What to Gather Before You Start
Pull every loan statement, mortgage document, promissory note, and equipment financing agreement your business currently holds. You’ll need details that aren’t in your head: original loan amounts, origination dates, remaining balances, and exact payment schedules. If any loan is secured, have the collateral description ready, down to specifics like a vehicle’s year and model or a property address.
Keep your most recent business balance sheet open next to you. The SBA treats the schedule as a supplement to that balance sheet, and the two must agree. If your schedule shows $340,000 in total debt but your balance sheet shows $295,000, expect questions.1U.S. Small Business Administration. SBA Form 2202 – Schedule of Liabilities Reconcile first; fill in the form second.
Filling Out the Form Column by Column
At the top, enter the “Date of Schedule.” Every balance you report should be accurate as of that date. Below it, the form is a table with one row per debt.
Creditor, Original Amount, and Original Date
Use the legal name of each lender as it appears on your loan agreement, not a nickname or branch name. In the next columns, enter the original principal you borrowed and the date the loan was issued.
Current Balance and Payment Status
Pull the current balance from your most recent statement or your lender’s online portal rather than estimating. The next field asks whether each debt is current or delinquent. Be honest. The SBA will pull your credit report and cross-check it against what you report, so marking a delinquent loan as current is an immediate red flag.
Maturity Date, Payment Amount, and Collateral
The maturity date is when the loan must be paid off in full. A 10-year loan originated in 2020 matures in 2030. For the payment amount, enter the dollar figure of each installment and the frequency: $1,200 monthly, for example.
The final column, “How Secured,” is where you describe the collateral pledged against each debt. Specifics matter. “2022 Freightliner Cascadia” or “commercial property at 415 Oak Street, Suite B” tells the SBA something; “truck” or “building” does not. If a loan is unsecured, write “unsecured” or “none” so reviewers know you didn’t skip the field. This column drives decisions about what collateral, if any, the SBA will require for the disaster loan, because reviewers need to see which assets are already pledged elsewhere.
What Counts as a Fixed Debt
Include long-term liabilities: notes payable, mortgages, equipment loans, vehicle financing, lines of credit with fixed repayment terms, and installment agreements. Leave off regular accounts payable to vendors and day-to-day accrued expenses like utility or phone bills. Those live on other parts of your balance sheet.
Sole proprietors should list only debts that appear on the business balance sheet. Personal liabilities like a home mortgage or student loan that aren’t on the business’s books belong on your personal financial statement (Form 413D), not on this schedule.
Balancing the Schedule Against Your Balance Sheet
This is where most applicants slip. The SBA states plainly that the information on Form 2202 should balance to the liabilities on your balance sheet.1U.S. Small Business Administration. SBA Form 2202 – Schedule of Liabilities The total of every current balance on your schedule should equal the fixed-debt section of your balance sheet.
Common reasons the numbers drift apart: accrued interest added to a balance sheet line but not to the loan principal, a recently paid-off loan still appearing on older statements, or a new loan your bookkeeper hasn’t entered yet. Fix those before you submit. The SBA also pulls your tax transcripts through Form 4506-T, giving reviewers another data point to compare against what you’ve reported.3Internal Revenue Service. About Form 4506-T, Request for Transcript of Tax Return
How to Submit the Form
You have three options. The fastest is uploading a completed PDF through the SBA’s disaster loan portal at lending.sba.gov.4U.S. Small Business Administration. Disaster Assistance You can also email the form and supporting documents to disasterloans@sba.gov, or mail a hard copy to:
U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Rd.
Fort Worth, TX 76155-22432U.S. Small Business Administration. How to Apply for SBA EIDL Program
Keep a copy of everything you send, along with any confirmation email or tracking number. If you mail the package, use a service that provides delivery confirmation.
Penalties for False Information
Misstating numbers on Form 2202 is a federal offense. Under the Small Business Act, anyone who knowingly makes a false statement to obtain an SBA loan faces a fine of up to $5,000, up to two years in prison, or both.5Office of the Law Revision Counsel. 15 USC 645 – Offenses and Penalties Concealing or converting property pledged to the SBA as collateral raises the exposure to up to five years in prison plus the same fine.
Report every debt accurately, reconcile your totals against your balance sheet, and don’t drop a creditor because the loan feels too small to matter. Every row you leave off is a gap the SBA may find on its own through your credit report or tax transcripts.