Income Statement

Shows the entity’s income and expenses. (similar to a Profit & Loss Statement)

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.
Contracting
Purchasing, renting, leasing, or...
Comparative Analysis
Is designed to point out significant trends that...
Collateral
Assets pledged by a borrower to secure a loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Days Payable
A measure of the average time a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Receivable
A measure of the average time a...
Small Business
A business smaller than...
Affiliate
Business concerns are affiliates if one concern...
Intermediary Organization
Organizations that play a funda...
Substantial Damage
This means uninsured or otherwise uncompensated...
Business Activity
The business (or loss) activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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