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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Adjusted Net Worth
Post disaster fair market value of tangible...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Limited Partnership
A business organization with one or...
B/E (Business EIDL) Loan
A business loan that...
Fair and Reasonable Price
A price that is fair to both parties...
Subcontract
A contract between a prime cont...
Cash-basis Accounting
records revenue when cash is...
Hardship Waiver
Method used to approve a...
Depreciation
A non-cash operating expense that...
Primary Activity
The major business activity of...
Acquisition
The acquiring of supplies or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Phase 2
Process to be used to determine economic injury for...
Extraordinary Items
Additional expenses that are...

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